I see an Diagonal, the is good to sell, i have 2 poiunst of TP.
I am in a giant flat, wave C (impulse) is ending and I am seeing that wave 5 is a contractile diagonal, there is a risk-benefit ratio, quite good.
Here I am looking for a possible wave 5 of an impulse. A contractile triangle is formed for me. This is up to you, it can be wave 5 or a start of a bearish wave 3.
potential purchase, we will be waiting for what is wave 3 of an impulse or it can be wave C of a correction, that is why there are 2 TP.
Hi friends, in the EURJPY I can see that it is in the market distribution phase, you can see a strong sell I am just waiting for the formation of wave 5 of Elliot.