Possible expanding flat on this pair.
Idea is that we are in wave C of an expanding flat, in B of one higher degree. Expecting a strong turn upward with beginning of C wave at the area of 1.100.
Let's see what happens. I would love your feedback!
Cleaner view without indicators:
Idea is that we are in wave C of an expanding flat, in B of one higher degree. Expecting a strong turn upward with beginning of C wave at the area of 1.100.
Let's see what happens. I would love your feedback!
Cleaner view without indicators:
Trade active:
Forgot to update! Trade hit entry, and I added to the long at 1.09917. The reaction at the end of the 5th wave was what we wanted for confirmation of this count. We should now be beginning a 1-2-3-4-5 impulse for the C wave.
Trade closed manually:
Updated my count idea. Because this ended up retracing beyond the .618, I now think this move up was part of a correction and not the impulse up for C wave.
