UPD for NOT on August 19: a good entry point is nearby.
Yesterday's growth woke up many fomo and made some buy, but our plan is the same - wait for the final takeout and update of the local low. We will most likely reopen#spot_dealon August 19-20. That is, today-tomorrow. Most likely tomorrow.
Today on the chart there is a reversal signal from the DeMark trend reversal indicator on the daily TF. There is a high probability that the low in the decline from August 14 will be set today or tomorrow.
The global situation on the waves has not changed. With the difference that in the beginning five-wave structure the low of wave 2 has shifted slightly, from August 8 to August 16. And most likely it will be updated again today or tomorrow. We are waiting for the start of growth in wave 3. The task is to catch it. Although, of course, it would be possible to buy in parts. But the wave pattern may be incorrect, and if the asset starts to close the imbalance of the end of May, it will be necessary to average thoroughly.
The local situation on the waves looks interesting. From the review of August 16, the ABC correction needs to be adjusted - yesterday's growth became the high of wave B. Waiting for wave C is relevant.
Moreover, if you open a thirty-minute TF, the situation is similar there. BUT another rebound in wave B is expected on it (we do not consider the morning rebound to be such a wave). And then - correction again.
All we will be waiting for now is a reversal signal on the four-hour TF by the candlestick structure. Or a breakdown of the descending candlestick structure on this TF. This may make us look at local waves differently.
For now, as before, there is a pending order for#NOTat $0.00965. It is not a fact that the price will reach there. But there is a possibility. And this would be a good level for a rebound, after which a comfortable stop could be set.
