I am expecting breakdown of this corrective trend continuation flag sell on clear breakdown of this flag. In case flag do not breakdown then i will look for sell near trend line. If price break above the bearish trend line then idea will be invalidated.
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If not in look for sell if price retest flag broken area.
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So far price moving nicely. If price changes its pattern formation and forms any other pattern then i will not look for that particular pattern. If price start correction again and forms again trend continuation pattern like flag then i will look for sell again but i will look for sell near trend line only. Here is the update.
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Price still in structure. I am expecting bearish wave. setup still intact.
yes it is correct mate and very possible but price may rise correctively not aggressively because top is confirmed mate.
Alain-M
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Appreciate your reply :) thank you,
If there is no problem, i will try to always share my charts and try to discuss. Maybe the others can learn also.
Thank you
Wave-Trader
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Yup thats the great way to share the knowledge mate
forexyoga
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Are we waiting till the channel reach to major channel reversal line?
Wave-Trader
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Please show me show your chart thanks.
forexyoga
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forexyoga
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I mean the present correction channel will reach close to future reversal point and then go short. Is it possible?
Wave-Trader
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Yes mate it is possible but if you have sharp impulse on your left side then it is less possible and it can breaks down at any time mate so pay attention on impulse as well mate. Thanks for your feedback mate.
can you please tell me if this is correct? thank you