After giving the market time to play out, my original idea is out the door after seeing multiple corrective structures within a bigger corrective structure. Taking a look to a bigger time frame I can see this is setting up into a major corrective structure.
We are in the middle of Wave B corrective structure of possibly a Flat Correction or in the middle of a Triangle Pattern. Being that the market is really stretching this structure out, it will take days for this to finish, most likley this whole week is correction/consolidation.
Knowing this is a corrective structure, this is not anyway a Bullish Reversal, this is the type of correction that we wont really know till all this is near it's end.
So do play with caution, this is a scalpers play area, do not trade if you are unable to scalp.
Happy Hunting.
We are in the middle of Wave B corrective structure of possibly a Flat Correction or in the middle of a Triangle Pattern. Being that the market is really stretching this structure out, it will take days for this to finish, most likley this whole week is correction/consolidation.
Knowing this is a corrective structure, this is not anyway a Bullish Reversal, this is the type of correction that we wont really know till all this is near it's end.
So do play with caution, this is a scalpers play area, do not trade if you are unable to scalp.
Happy Hunting.