Impulse moves downside -5x impulse waves to the downside -Average move impulse move to the downside is 12.5%
Correction moves upside -4x completed moves -Average move is 11.5%
Price has currently moved 13% since the bottom of the year. We can use this information to time when the next move will happen with what I mentioned above + confirmation and multiple timeframe analysis.
With price sitting inside this new area of daily / weekly supply I like looking for shorts once price shows sellers confirmation on the smaller timeframes. I need to see an upward trend - lines being broken, opposing HH/HL zones being removed.
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