LorenzoMachiavelli

China A50: Ending Diagonal To Start B Wave Of Bigger Correction

OANDA:CN50USD   China A50
This is a classical setup, when the A wave is forming an ending diagonal to start the B wave. If we look at the current structure on the lower time frame it's forming a correction we could potential break out to the upside although i think it will touch the trend line then reverse to complete the ending diagonal, we can trade current correction up then the move down and then wait for an impulse & correction for the B wave move!

Thanks Lorenzo
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