How to identify a confident entry?
My logic is as follows:
1. A clear impulse identified. Marked with a blue arrow.
2. The structure to the left side of the impulse - a three wave move - is likely a flat pattern (wave b does not break wave a, wave C is the largest).
3. If the assumption with the flat plays out, this is the bearish signal.
4. Impulse so far is valid in both direction, whether as part of a bearish flag, as well as the bullish one within a series of waves 1-2 to the upside. BREAKING OUT TO THE UPSIDE SHOULD DELIVER A SOLID TREND. I will show the potential extension lower in the comments section
My logic is as follows:
1. A clear impulse identified. Marked with a blue arrow.
2. The structure to the left side of the impulse - a three wave move - is likely a flat pattern (wave b does not break wave a, wave C is the largest).
3. If the assumption with the flat plays out, this is the bearish signal.
4. Impulse so far is valid in both direction, whether as part of a bearish flag, as well as the bullish one within a series of waves 1-2 to the upside. BREAKING OUT TO THE UPSIDE SHOULD DELIVER A SOLID TREND. I will show the potential extension lower in the comments section