Caution.. though for EW.
Sometimes a wave 4 correction retraces the wave 3 by 23.6% only when the main trend is very strong (but normally 38.2% or the 50-61.8%)
Now I am not that sure with wave 2 if that also applies . But I have not seen that happen yet.
So what I would do is enter at 23.6% and another one at 50-61.8%.
I bring this up because I already see a 5 wave structure on the 1 minute chart and I see a pin bar on the 15 min chart.
EG
Sometimes a wave 4 correction retraces the wave 3 by 23.6% only when the main trend is very strong (but normally 38.2% or the 50-61.8%)
Now I am not that sure with wave 2 if that also applies . But I have not seen that happen yet.
So what I would do is enter at 23.6% and another one at 50-61.8%.
I bring this up because I already see a 5 wave structure on the 1 minute chart and I see a pin bar on the 15 min chart.
EG