The short TF trendline has to be broken and price should ideally consolidate before looking for a long setup. Wave Pattern in 4H TF is still valid, as long as price does NOT closes below the high of wave 1.
Trade with care!
Trade with care!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.