My expectation is a downward impulse after the correction. The last top can be the end of the running flat, and if so, a reversal structure should be in the making. I'm waiting for a correction after the reversal impulse. We could have placed a pending order under the last low, but I don't want to do that because it can go up more after a correction. That's why I'll wait for a small trade setup and place my entry order.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.