Disliked{quote} morning j. I couldn't see 5 waves there, could you elaborate? I was thinking that either it was the beginning of wave 4 of an uptrend, or a small retracement in wave 1 of downtrend continuation (that's why I didn't stayed in the trade for too long). I longed because the m1 divergence had a confluence with the upward trendlines I drew. luckily it hit my TP and returned from there... {image}Ignored
On the HTF I think we are at the beginning of the 5th wave in bearish trend, after zig-zag correction. You can see it on H1.