Boon2

BTC H4 Larger Correction.

Short
Boon2 Zaktualizowano   
BITSTAMP:BTCUSD   Bitcoin
My last H4 idea the wave Z up 2nd TP has been hit and we are getting bearish divergence. There's no confirmation that the H4 wave Z up is complete at this stage so price may push a little higher but once wave Z up is over completing the D1 wave A I will be expecting the D1 wave B.

Theres a number of corrective structures we could see in the D1 wave B. No one knows in advanced what the corrective structure will end up to become so I have just forecast for the simple ABC ZigZag, the most common EW structure.

I'll update the idea as more data becomes available.

Good luck and trade safe!

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Komentarz:
H1 Bull Flag Scalp Idea, check it out to get up to speed on the lower timeframes thanks.
Komentarz:
H1 Sell For The Larger Correction. Checkout the Idea for the complete picture thanks.
Komentarz:
H4 Larger Correction Update, Checkout the update to get up to speed thanks.

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