On the weekly chart, the retreat of this wave (from late May 1280 area Low to late Sept 1556 High) has not yet completed.
I am looking for a candle bar that breaks through the 0.168 level (1440), with intra-week low ending somewhere in the range of 1410-1440, and close above 1440 - this would mark the completion of the current retreat.
Then I would want to see the next weekly bar to show a solid recover, before entering into Long position for the new wave.
I am looking for a candle bar that breaks through the 0.168 level (1440), with intra-week low ending somewhere in the range of 1410-1440, and close above 1440 - this would mark the completion of the current retreat.
Then I would want to see the next weekly bar to show a solid recover, before entering into Long position for the new wave.