I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one.
We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat.
Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down.
If you want to buy wait for a corrective structure where the arrow and then buy breakout.
I am very interested in the downtrend move since it's the big trade.
Carlos
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We already reached trend line from the last flag. Now time to see if it reverses or keeps going up to make the expanding flat. In case of a reversal we will look for a flag to sell downtrend