According to my strategy, they have to form a 3rd level for M15 to complete the structure, meaning they'll rise higher to 1764,9. Then retrace back to the zone to test it and gain momentum to break the resistance zone of 1764.9 and then shoot all the way up to the resistance of 1788.0 which is the final Take profit.
We have only 2 levels, and after breaking level 2's high, we can expect a retest of that high and then an impulse up for level 3 thus completing the structure.
Key Points:
1. Dont sell in an uptrending market, so wait till you see a sell structure. preferably on lower time frames.
2. Remember the golden rule? Buy low sell high. So dont buy were you see a...
According to my strategy, they are going to complete a 3rd level at the previous high, then reversing to gain momentum to break that high to complete the remaining 2 levels on the H1 time frame...
