I would normally want to see a deeper, full correction come in here (highlighted in yellow pen) but this is technically a completed ABC correction, with this last move down completing clear sub-waves.
Being able to have confidence in a larger target is nice and i prefer waves for this, however dropping lower in timeframes/fractals i do prefer other techniques for predicting the much smaller fractal waves, which are typically very "complex formations" and more difficult to get a "perfect read on".
Things like ICT's work or just the general market structure of key highs and lows will let you have more confidence when everything starts to line up....if it doesnt happen you dont trade. very important to have a clear plan to manage money properly and trade that plan. If you're losing money, you simply need a better plan.
Being able to have confidence in a larger target is nice and i prefer waves for this, however dropping lower in timeframes/fractals i do prefer other techniques for predicting the much smaller fractal waves, which are typically very "complex formations" and more difficult to get a "perfect read on".
Things like ICT's work or just the general market structure of key highs and lows will let you have more confidence when everything starts to line up....if it doesnt happen you dont trade. very important to have a clear plan to manage money properly and trade that plan. If you're losing money, you simply need a better plan.
Kommentera:
dropping lower you can see some textbook ICT playing out. i'd like to see a drop into the 6hr FVG in a perfect world but dropping lower than this should help clear things up
