here is a mid term trade.
the correction is a type of flat
wait for the candle to close above trend line and better to wait for a consolidation or correction above trend line to confirm the breakout then take the trade
the correction is a type of flat
wait for the candle to close above trend line and better to wait for a consolidation or correction above trend line to confirm the breakout then take the trade
Note
As you see price did't make a tradeable correction above the trendline and came back to the trendline, but I'm still looking for buy setup. there is just one more wave to downside and the whole idea is still validNote
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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.