A bullish leg with in a bearish triangle
This is an update for my previous idea tradingview.com/v/guJuuQV6/
where I commented "[the proposed] Wave (e) looks like a 5 wave impulse, so as long as the wave (d) low hold, we could see another push higher",
and that is probably what is happening now.
The flat completed and we got a move lower.
After making new lows we have seen a five wave advance.
This current wave structure is telling us the we are heading higher,
probably to complete wave E of the current triangle.
Stop loss is at 1280 and first target is 1360 and the second one near 1380.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
where I commented "[the proposed] Wave (e) looks like a 5 wave impulse, so as long as the wave (d) low hold, we could see another push higher",
and that is probably what is happening now.
The flat completed and we got a move lower.
After making new lows we have seen a five wave advance.
This current wave structure is telling us the we are heading higher,
probably to complete wave E of the current triangle.
Stop loss is at 1280 and first target is 1360 and the second one near 1380.
Follow all my demo trades at myfxbook.com/members/tlkemmy/demo/854232
Disclaimer: traderwgun.com/?page_id=26
Twitter: twitter.com/atliveanner
Tradingview: tradingview.com/u/traderWgun/
Mail: traderwgun1gmail.com
Good luck!
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