Hello traders.
I believe that there are 3 options here.
(1) Blue ABC can be a completed corrective structure, it will make a down impulse.
(2) A correction like the white arrow as a 4th wave, then up move.
(3) A correction like the green arrow as a 4th wave, then up move.
I don't think 3th one will be the case, but of course, it is possible. At this point, I'm waiting for a correction in 15m. If it makes one, I will take a short trade. Then we will see its potential.
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
I believe that there are 3 options here.
(1) Blue ABC can be a completed corrective structure, it will make a down impulse.
(2) A correction like the white arrow as a 4th wave, then up move.
(3) A correction like the green arrow as a 4th wave, then up move.
I don't think 3th one will be the case, but of course, it is possible. At this point, I'm waiting for a correction in 15m. If it makes one, I will take a short trade. Then we will see its potential.
If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.
Trade with care...
