D1 at this stage I'm still going with my running flat idea, (see the detail's and update's of that idea below) but it's to early to totally rule out the expanding flat as there's not enough data just yet.
H4 I see it as only one move down which put's us in a critical point as there is the potential of the bullish hidden divergence playing out.
H1 At this stage I'm looking at a larger correction before more downside as a running flat, but no one knows for sure where internal wave C will end so I'm not ruling out the expanding flat in X to complete the structure.
I'm overall bearish and will wait patiently for the internal wave C up to end and give a bearish setup before jumping into the sell. It's to early to give SL and TP at this stage as that will depend on where the internal C end's.
More experienced trader's can scalp the H1 internal C up on the lower time frames moving stop's to BE ASAP and taking profit's at the first sign's of a bearish setup.
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D1 idea Running flat for more downside supporting my bearish view so checkout the detail's and update's, Thank's.
H4 I see it as only one move down which put's us in a critical point as there is the potential of the bullish hidden divergence playing out.
H1 At this stage I'm looking at a larger correction before more downside as a running flat, but no one knows for sure where internal wave C will end so I'm not ruling out the expanding flat in X to complete the structure.
I'm overall bearish and will wait patiently for the internal wave C up to end and give a bearish setup before jumping into the sell. It's to early to give SL and TP at this stage as that will depend on where the internal C end's.
More experienced trader's can scalp the H1 internal C up on the lower time frames moving stop's to BE ASAP and taking profit's at the first sign's of a bearish setup.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
D1 idea Running flat for more downside supporting my bearish view so checkout the detail's and update's, Thank's.
Komen:
If your not in the trade and mist yesterdays bear flag you may get another opportunity.
Here's a pic of the 1st TP, 2nd TP will be the D1 running flat fib.