TMDX

27 нояб.

TMDX is likely heading lower to complete the impulse in the wave C of a running flat. I will start buying within the range $60-70.

There are two typical dimensions for the wave C of a flat - wC=wA or times 1,618.
Zooming in the daily/ 4h frame - there is a clear impulsive move down, that is lacking the final wave 5, printing a lower low.

Buying the lower low is more or less safe, and here is why...
If the assumption is not valid - and this is not the wave C of a flat, this impulse is then the wave A of a larger structure. Even so, we will get a deep pullback by 50-62% against this bearish move.

In any case, the most safe entry would be after the bullish 1-2 fractal is printed on H4/ D1. It may take a look of an inverted Head and shoulders pattern, together with the w4 of C of the last move down.

TRADE SAFE