We have two harmonic patterns completing within 20 pips of each other. We are approaching a daily bullish trendline. We have bullish divergence from swing low to low, and we are developing divergence on the tail end of this bear run.
The only thing I don't like is I don't see any clear elliott waves, I usually look for 5 waves, since we don't have them I will wait until price makes one more low on the 1HR, if we maintain bullish divergence and get a bull candlestick pattern at that new low, I'll be looking to enter for a long and put my SL 20 pips passed that probably.
Enjoy
The only thing I don't like is I don't see any clear elliott waves, I usually look for 5 waves, since we don't have them I will wait until price makes one more low on the 1HR, if we maintain bullish divergence and get a bull candlestick pattern at that new low, I'll be looking to enter for a long and put my SL 20 pips passed that probably.
Enjoy