ARBUSTD Timeframe Day waiting in green box
ARBUSTD Timeframe Day waiting in green box
In my opinion ending correction and should be move break green box and confirm structure wave1
Confirming the Structure of Wave 1:
Once the price breaks above the green box, we look for confirmation that this move initiates Wave 1 of the new impulse sequence:
Initial Impulse Move:
Strong Upward Movement: The price should exhibit a strong, clear upward move, indicating the beginning of Wave 1.
Market Sentiment Shift: Market sentiment shifts from consolidation to a bullish trend, often visible in price action and volume.
Validation Points:
Retest of Breakout Zone: Often, the price may retest the breakout level (green box) to confirm it as new support before continuing upward.
Higher Highs and Higher Lows: The formation of higher highs and higher lows further confirms the initiation of the new impulse wave.
In my opinion ending correction and should be move break green box and confirm structure wave1
Confirming the Structure of Wave 1:
Once the price breaks above the green box, we look for confirmation that this move initiates Wave 1 of the new impulse sequence:
Initial Impulse Move:
Strong Upward Movement: The price should exhibit a strong, clear upward move, indicating the beginning of Wave 1.
Market Sentiment Shift: Market sentiment shifts from consolidation to a bullish trend, often visible in price action and volume.
Validation Points:
Retest of Breakout Zone: Often, the price may retest the breakout level (green box) to confirm it as new support before continuing upward.
Higher Highs and Higher Lows: The formation of higher highs and higher lows further confirms the initiation of the new impulse wave.
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