All idea is depended on Wave structure.
An expanding wedge is a part of a flat in this case and it is completed or about to be complete.
But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
Prices have nicely formed Up sloping channel and today's Engulfing offers an opportunity to go long at current level. One can risk the amout of one bar only. Prices have bounced at retest of lower trend line . We can initiate the long trade as the details given below
Risk/Reward Ratio 2.65
Disclaimer : All ideas are my...
hi, as we observed buying at lower end of rising channel, we may initiate buy as per showing chart. as we r going to see volatility due to election result so if taken trade kindly follow the stop loss strictly. risk to rewards is favorable