We can see that the pair was strongly rejected by the upper level of the downward channel , therefore I'm expecting a probable zig-zag correction of what seems to be the 2nd Wave of 5 Wave move UP within an ABC Expanded Flat Correction . In regards to the larger degree, according to my perspective we are in the 4th wave of a 5 Wave move DOWN on a Weekly TF and I'm currently looking to go long on the final C Wave which tends to be a 5 wave move in the Expanded Flat correction family.
Bear in mind that Flat corrections are not as commonly found in 4th Waves as much as Triangle corrections yet they are still a possibility.
Trade safe and implement your own due diligence before executing a trade.
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www.valuedbusinessconsulting.com/
Bear in mind that Flat corrections are not as commonly found in 4th Waves as much as Triangle corrections yet they are still a possibility.
Trade safe and implement your own due diligence before executing a trade.
For further details join us at:
www.valuedbusinessconsulting.com/