Completed 5 wave on medium term.
Impulsive bear move was wave A of correction. AB move back up was the B leg.
Now looking for the C correction back into support at the blue line.
Expecting a move back up to the highs for a double top, to start the correction on the higher time frame back down to the daily resistance turned to support area.
Impulsive bear move was wave A of correction. AB move back up was the B leg.
Now looking for the C correction back into support at the blue line.
Expecting a move back up to the highs for a double top, to start the correction on the higher time frame back down to the daily resistance turned to support area.
Trade closed manually:
Price fell short of target area. Currently in a long position.