If we only pullback to fib level between 50 - 68%, and get bearish confirmation we might start with leg C. But is also possible that if we go past ATH we might be busy with Wave 5.
Trade active
this is decision zone for whether Wave B ends → and Wave C starts → or B extends higher / becomes bullish.Note
We have reached the area to see if we're going to continue or start with C wave. But be careful as we might have just a pullback and continue bullish to continue wave 5.
Note
I'm 1,500 pips in profit.Trade closed manually
Note
It looks like wave C is going to unfold soon.Note
We're currently doing wave C.
Note
This is playing out nicely.
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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.