The market seems to form the 1st wave of next impulse wave after creating a ABC corrective wave.
This corrective wave may end @ creaction line and @38.2@ Fibo level of 1st impulse wave.
I will looking for a long when wave 1 complete and follow by a corrective wave 2 with the condition that wave 1 must break the bear channel (bold blue line) to avoid the trap expanding of corrective wave.
This corrective wave may end @ creaction line and @38.2@ Fibo level of 1st impulse wave.
I will looking for a long when wave 1 complete and follow by a corrective wave 2 with the condition that wave 1 must break the bear channel (bold blue line) to avoid the trap expanding of corrective wave.
