Completion of Wave 4. Sell opportunity for wave 5.
-completion of 5wv structures in M5 (complete wave 1 in H1) -H1 to make wave2 up (forming ABC corrective in M5 up) -target completion of wave 2 in h1 at fibo 61.8-50% of full wave 1 in H1. wait for entry SOP -key level -barrier break -entry -NFP News Risky
breakout from pullback. Target for higher resistance breakout
1. Company’s successful expansion in Indonesia and its bright prospects for two government contracts at home. 2. Both contracts are expected to be announced in the first quarter
currently in complex structure in formation of wave 5
Retracement to TMO Sell for short term since there is a fresh supply zone above. Watching the price action once it approaching demand zone below.
Possible 2 entry zone with good Risk reward ratio. Good entry is at 2nd entry but price may reject prior reaching the selling level. Possible to miss the trade. Thus split the entry with 2 entry. 1st entry - to ensure not missing the trade 2nd entry - the actual entry level