Those who are already in watch it to continue for upside.
Those who are not in watch the areas which i have shown for price action for buy.
If price do not test the areas the areas i have shown for price action. Then you can only buy in one case if price start to rise so sharply from current price. That will give us a clue that it is not going to get down. If so then buy on current price carefully. because it already has moved with couple of pips. So stop placement gonna be with in the corrective ranges.
Remember it is a longer term analysis. So no need to be frustrated on couple of bars. Hold your nerve and let the market move in your way.
Thanks for your support.
If I will see the change in pattern I will update. It is behaving in the same way the way it has done in past.
What to do next those who are in and those who are not in.
1. Watch for flag or any other trend continuation pattern formation and then look for breakout for continuation.
2. Those who are not in you only can buy on strong bullish breakout.
3. If price breakdown the short term bullish trend then we will wait and we will watch for the price to reach 786 or 886 fib levels before any buy.
4. Those who are in watch it for continuation. Remember its a longer term trade and will take some time to complete. We will watch price action at upper channel line. i mean close to 15k.
Here is the update.
Watch trend line at current price and bounce back. If price keep pushing towards downside we will buy more at bottom close to 768 fib lines. The correction we are having it was expected in last update so no frustration.
watch this update.
Watch this update and prepared for next wave.