I am expecting D wave in the triangle. Once price will hit my D wave then i will look for E wave and will watch for price action. Either we will break through or hold D wave and will reverse for E wave.
Komen
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Holding top at C wave watching price action for D wave. If price breakdown the short term bullish trend line then it may confirm downtrend continuation of bearish trend here is the https://update.https://www.tradingview.com/x/6GXIATKl/
Komen
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If price come close to bearish trend line with corrective pattern sell breakdown
I'm curious to ask , how do you know Wave C doesn't reach to wave A ?
Isn't it flat correction?
Wave-Trader
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Its in triangle formation now if break up then flat ABC possible my friend.
sketchmaster
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Yeah, exactly. Especialy for this part (green box - wave A) looking very 5-waves-ish, which would suggest a flat correction. Always keeping an eye on plan b, ha? :)
Good job Wave-Trader!
sketchmaster
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my mistake, a flat would start with 3-wave leg...
fstrader1
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Great post as always. Thanks.
Wave-Trader
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You are most welcome fstrader1.
ourbati
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Sir, Do you expect the E wave on this setup or a breakdown?