Likely wave iii is still in progress, lacking the local terminal thrust to the upside before a meaningful correction in the wave (iv).
Trade safe
Trade safe
Comment:
Some arguments with the use of Bollinger bands
Comment:
on the chart above please note:
- RSI 50 will definitely be a strong support
- Before the reversal (larger frame or a correction of the same degree) - RSI must draw a divergence. It will be done ONLY after the above point (RSI 50)
- RSI 50 will definitely be a strong support
- Before the reversal (larger frame or a correction of the same degree) - RSI must draw a divergence. It will be done ONLY after the above point (RSI 50)
Comment:
Soon will go down in a larger correction, so far the count is ok
the idea in this post is to complete the local impulse only, in the option with a flat in wave 4