D1 I'm looking at a C wave down, If you took the H4 idea trade you can move your stop into profit at the H1 X2 invalidation point market on the chat and either hold the position short to the D1 target or at the H1 Z down target. To trade the lower timeframes you need to know what the bigger picture is so be sure to checkout my H4 idea to get the complete picture!
H1 We have no bullish divergence, price at the 161.8fib extension so I'm expecting the X2 correction before we trade the Z down. The targets for Z down will change depending on how deep X2 goes, it's important to note wave Y may not be over and we get more downside before the correction.
I'm only looking for the sell setup for Z down against the invalidation point, there is no buy setups and a buy is dangerous until the larger correction!
Wait for the X2 correction break before jumping into any sell. Look for your sell setups.
I will update this idea once we get a sell setup with the Z down targets.
Good luck and trade safe!
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H1 We have no bullish divergence, price at the 161.8fib extension so I'm expecting the X2 correction before we trade the Z down. The targets for Z down will change depending on how deep X2 goes, it's important to note wave Y may not be over and we get more downside before the correction.
I'm only looking for the sell setup for Z down against the invalidation point, there is no buy setups and a buy is dangerous until the larger correction!
Wait for the X2 correction break before jumping into any sell. Look for your sell setups.
I will update this idea once we get a sell setup with the Z down targets.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Order avbruten:
D1 100fib reached without giving the H1 correction so this trade for now is invalid, I'll put out a fresh idea once I see a potential setup
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