potenial wave 2 flat

97
as per chart and wait to see if it finds support before long
Note
Minor wave 3 was extended so didn't expect wave 5 to extended but this could be the case looking at current price. odds favour a trade on break of the green channel to the other side of potential larger channel. snapshot
Note
invalidate set up now snapshot
Note
Price found support at 123.6 retracement of wave A which can indicate an expanded flat. Retracement target hits perfectly on a 50% retracement of the 5 wave structure. Will look for long entry then short at 50% level. will update if position taken....
snapshot
Note
order placed, long on break off high as shown... snapshot
Note
long trade active
snapshot

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.