


Watching this zone for short entry as per potential wave count.
Going to enter long if support found at this level. waiting for reversal candle pattern etc....
wait for a bounce, then look to buy if support found.... completion of zig zag at 100% ext.
Ripple in a buy zone here. Check lower time frames or watch for strong bullish move/ break out to buy. If wave count is correct this will be a primary wave 3 which will move aggressively...
taking long position as potential low degree wave 3 underway....
Potential Leading expanding diagonal wave 1 now correcting at 61.8%
Could be in the early stage of a corrective flat ....
Classic small cap stock break out pattern..... 3 year base break on volume then pull back and break again.
shallow corrections and wave 3 being (normal/not extended) less than 1.68% extension of wave 1, can be a positive sign that wave 5 will extend. Will be watch price if it falls to the 40 area for a reversal entry/ long trade...
corrective flat pattern could be complete in wave 4. wave 5 will push to new high before a larger correction....
I think a break of this low would signal future falls and there's room with current structure before support levels found...
A break of this low time frame high and I think we will be in a extended wave 5 to target. If it plays out it will set up short at target also.
when/if this 5 wave structure completes and we see 3 wave correction it will set up a short position on a wave 3 or c wave. Will update if position taken.