Breakout from the h4 trendline and waiting for wave 5 to complete to retest monthly level.
Check monthly timeframe, it broke the trendline with a push downside and exhaustion followed. We waiting for a proper retest and price action on the monthy resistance(second confirmation).
I missed this opportunity so i am waiting for the 1.9055 region since it broke the h1 trendline and retested on it. From 1.9055 i will wait for price action to see if bulls will pull this through.
Bears broke the $7500 level and heading to $6000 level. If they manage to reach $6000 level we will then wait for some sort of pull back to retest our previous support. Should sellers pull this through to our new resistance level then i'll be waiting for price action preferably a bearish engulfing on the lower timeframe (H1 0R 30min).
Should sellers fail to break...
A strong push which broke our daily level 1480.00 then an exhaustion to retest previous support. If sellers manage to to break 1h level1466.00 then my prediction is this will melt to 1450.00 level. once we reach 1450.00 we will wait for price action