Wait for Target and reversal and look SHORT.
Look for this wave action short, then Start spying the LONG.
Look for longs for the next while. That's the Larger Trend direction.
Once we reach target...look long...it will be a big one. Wait for it.
Look for longs on small corrections. Looks like reversal off the bottom.
Look for Shorts at least to the 1 to 1 extension.
This setup is invalidated with a move beyond the 1.618 Fib. There is a chance the triangle I have labeled is not a triangle at all. But part of a 1,2 1,2 formation.
Wait for this leg down to complete about 50 more pips down...Then go long potentially for a 200 pip trade.
See chart for details....Take profit around the .618 extension.
See chart for details. Look to TP on the 1 to 1 extension.
Looking at a WXY correction in BTC most likely. It may be a 335 ABC as well. Targets are $9000 and $7800 as a secondary target.
Wait for wave two to complete and Go LONG. Buy zone marked on chart.
See the 1.276 Extension for Entry. Stop at the 1.618 extension.
Should see a stop hunt to the 1.276 FIB extension to complete the larger ABC. Then should see reversal LONG.
See chart. Targeting 127 to 129
Watch for this WXY to finish up.....GO LONG for London EU news.