eWaves in Action - W5 in W4
Another nice example of eWaves doing its thing - this time showing a W5 down in a W4 up. The downside rejection with AO divergence provided a low-risk, high-probability entry. Notice how the down TZ1 was hit and provided support. The up TZ2 at 1.676 is at D1 S/R level, providing for a logical target.
Hope that makes sense.