Trading opportunity for sell (Selling at the end of a Fourth Wave retracement)
If we see the born of the first wave, we can to meet the next key points.
On the my opinion, This impulse will to correct on the present level
On my opinion the correction is ended. The next market move to be drop. Watching this.
If the price will return to demonstrated level, we can get the good opportunity to earn a little bit.
This is new trading opportunity. We have a high probability that the correction is ended. And now the price is going to continue his movement.
Now the price will formatting the correction that impulse. And we have the opportunity go to short a little bit.
Now we can see the start last wave of Flat correction.
In time of this correction we have a opportunity to use the distance of wave B.
If the down impulse come and break the Red line, we can to use this trading opportunity. Minimal targets marked on chart as price labels. Take care and have a nice day!
Last impulse down telling us that correction is may be completed, and starting the Wave C. This impulse breaking the Red line. If pullback will be a zigzag, we can to use this trading opportunity. The price targets marked on chart as a price labels. Take care and have a nice day!
I think that we can to use this trading opportunity and this future move down. Now the price ended the wave b, and we waiting the first impulse down. To be careful, we will watch and wait how the price breaking the Red line. And to enter in the first correction (pullback). Targets marked as price markers on the chart. Be careful and have a nice day!