Waiting for the pullback or break.
This is a closer look at my previous post for the Weekly time frame.
Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here.
That means I am waiting for one of two things before entering the long:
1. A H4 close above the resistance of this structure
2. A push down to the bottom of the structure to complete wave 3
Either of the above events would signal the long entry and I am looking to capitalize on this move!
Happy Trading!
Linton White
JP Markets
South Africa
Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here.
That means I am waiting for one of two things before entering the long:
1. A H4 close above the resistance of this structure
2. A push down to the bottom of the structure to complete wave 3
Either of the above events would signal the long entry and I am looking to capitalize on this move!
Happy Trading!
Linton White
JP Markets
South Africa
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.