Greetings, traders!
TVC:SSMI reached point IV of the bullish wolfe wave and after failing to break the resistance level(s) is heading South to point V.
If this point is reached and reversal of downtrend is confirmed by forming the local low and supported by divergence/volume/data, it can become a nice long opportunity.
GL All!
I've thoroughly described the process of my analysis with callout texts to give the traders a visual idea on when price moves up and down.
Looking to see price go long between the 9000 - 9300 area.
