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So in Bigger time frame there is a more possibility of bullish momentum in the market after this strong bullish Impulse. But as we can see this Bullish Impulse is over leveraged and at extremely high prices. So generally there is always correction after Impulse. I am expecting the same now that price has done its Impulsive momentum and start making correction. It is very important to understand what price is making and providing us the structure. Currently on 4H there is an expended Correction which is a very good reversal structure on higher levels. So I am expecting a bearish corrective wave now on LTF which can give us almost 500 pips of 2.50% gain.
:: Expending structure
This is how it looks like as mentioned here also we have to wait for the 1st bearish rejection and then will watch for the possible short opportunity.
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So in Bigger time frame there is a more possibility of bullish momentum in the market after this strong bullish Impulse. But as we can see this Bullish Impulse is over leveraged and at extremely high prices. So generally there is always correction after Impulse. I am expecting the same now that price has done its Impulsive momentum and start making correction. It is very important to understand what price is making and providing us the structure. Currently on 4H there is an expended Correction which is a very good reversal structure on higher levels. So I am expecting a bearish corrective wave now on LTF which can give us almost 500 pips of 2.50% gain.
:: Expending structure
This is how it looks like as mentioned here also we have to wait for the 1st bearish rejection and then will watch for the possible short opportunity.
"LIKE & SHARE If you found this analysis useful"
Investment and structure planning :
DM
DM