It seems that a wave 3 minute period of wave 3 Intermediate period has commenced ?
Wave count shows wave 2 Intermediate time period count has completed and wave 3 has already initiated of a large short (bearish) trade.
RSI and Stochastic shows a slight up move then a significant down move preparing.
Structure also indicates a down move after a slight up move.
The best place to enter this trade, would be at the break of structure as indicated on the chart.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Wave count shows wave 2 Intermediate time period count has completed and wave 3 has already initiated of a large short (bearish) trade.
RSI and Stochastic shows a slight up move then a significant down move preparing.
Structure also indicates a down move after a slight up move.
The best place to enter this trade, would be at the break of structure as indicated on the chart.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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CAUTION: Possible upmove before following down trend
