Nice channel forming divergence on weekly timeframe price rejecting the 1.91000 psychological level 1250 pips moves !
beautiful downtrend channel 1-break and retest of psychological level 120.000 2-break and retest of the trend line of fibs channel 3-the price reject the 38% of fibs Im targeting the bottom of the up trend chanel in DAILY time frame
NICE up trend channel confluence 1-touch of the trend line 2-touch of 61% of fibs of the last move 3-Hammer is forming in the H4 time frame 4-the price reacting to the zone of 1460 multiple time in the past 5-Formation of double Bottom 6-the 4th waves of elliot waves is forming 6-For more confirmation im goona watch in the fondamentals about THE US-CHINA TRADE...
i close my trade on the 5th wave of elliot wave
the price break the triangle i wait for pull back at my 38 % fibs to enter in a short to minimaly reach 138.000 zone 220 pips move
beautiful up trend the 4th wave of elliot wave is forming third touch of the channel (4 wave) touch the 61,8 zone of fibonacci for 400 pips move After we have opportunity to go long for the last wave (5) 1100 pips move total 1500 pips!!!! Lets see
break trend line and retest 50 pips running wait to break and retest the next support to see more down side
Break trend line and pull back at 50 % fib to the up side