Chart 1H - An ascending triangle showing more bias towards bullish continuation to complete wave 5 in yellow. A breakout to the bullish continuation line 1 would bolster this scenario. But please noted that there was a good chances to see a bearish reversal trend refering to alt counts in magenta. Please analyse all the critical lines and look for any breakout of the ascending triangle before making any decission. Good luck.
Chart 4H - Please analyse both alt counts and comparing which count is more preferable from BSTS technical analysis.
Chart Daily - Overall, market still favourably bias towards a bullish continuation trend due to the recent breakout at 208.95. But please noted the possibility of the alt count in magenta. Therefore, advisable to monitor the market 1st and only making decission once the real trend has been unfold.
Summary :
1) Watch closely for any true breakout of the ascending triangle pattern and plan your trading strategy base on that. Standby for the bullish continuation breakout to perform wave 5 in yellow.
2) Advisable to wait for a bearish reversal trend later once wave 5 is completed (magenta or yellow). Preferably, look for the signal from BSTS later.
Good lucks.
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