Hello traders.
First of all, sorry for late publishing this idea. But, it went up while I was working on today's analysis video. Please wait for a correction to take any long trade. I took it because the structure between blue lines can be a running flat and if the previous bottom is the and of daily corrective structure, the target of up move will be breaking the blue line. It can still keep going down to the yellow line.
First of all, sorry for late publishing this idea. But, it went up while I was working on today's analysis video. Please wait for a correction to take any long trade. I took it because the structure between blue lines can be a running flat and if the previous bottom is the and of daily corrective structure, the target of up move will be breaking the blue line. It can still keep going down to the yellow line.
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It's making a correction. The pattern is not clear yet. I'm waiting for the completion of the structure, then I will take another long trade. This is very wild drawing just to give you an idea of what I'm expecting:
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Sorry, wrong image... Here:
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After sharp up impulse, it made a regular flat and then it went up. Now it's making another correction after the breakout. That's why I have placed an entry order. If it goes up and takes me in I will move my first trade's stop-loss to breakeven.
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I moved the stop-loss to almost breakeven while I was recording today's video analysis. So, I couldn't share the update. My trade is stopped out.