FTR putting in the first Bullish impulse up in a Long time
FTR Bounced after a 2nd touch exactly on daily channel support.
Subsequently had a strong move up and looks to have completed a 5th wave Ending Diag.
I am watching for a simple ABC first correction to try and catch a strong 3rd wave up into the 4.50 area.
Doesn't look right now that we'll see an expanded flat, so I'm anticipating a Flat or ZigZag to complete tomorrow Thurs.
It's a 2nd wave anticipated so deep correction at least 50% into the 4.00 level.
The angles of a Wolf wave interpretation help me in these Ending Diag situations.
So I've got the channels in Green up on my chart and will enter a long if I get a nice setup.
Right now the correction is incomplete, so need to see a high probability setup.
Subsequently had a strong move up and looks to have completed a 5th wave Ending Diag.
I am watching for a simple ABC first correction to try and catch a strong 3rd wave up into the 4.50 area.
Doesn't look right now that we'll see an expanded flat, so I'm anticipating a Flat or ZigZag to complete tomorrow Thurs.
It's a 2nd wave anticipated so deep correction at least 50% into the 4.00 level.
The angles of a Wolf wave interpretation help me in these Ending Diag situations.
So I've got the channels in Green up on my chart and will enter a long if I get a nice setup.
Right now the correction is incomplete, so need to see a high probability setup.
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