theansweris42

Candidate Wave 4 in Progress

Long
Price is finding support at the confluence of Base channel (Blue) and 50% wave 3 retracement.

I'm looking for a W1+W2 candidate structure to 'step' out of the Deceleration channel (Red) before I open a long trade for the W5.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.