We are in daily ABC correction of last impuse with triangle in wave B.
Price should retests previous structure before taget from triangle pattern will be reached.
You can take sell after breaking of doted line and than buy if price retests triangle.
Price should retests previous structure before taget from triangle pattern will be reached.
You can take sell after breaking of doted line and than buy if price retests triangle.
Comment:
Comment:
Finally breakout of trendline as expected.
Just wait fo a flag pullback and you can try to short.
Just wait fo a flag pullback and you can try to short.
Comment:
Comment:
Comment:
Still one more drop to come.
Comment:
Comment:
Comment:
Comment:
Target almost reached.
Will be looking for sell setups soon.
Will be looking for sell setups soon.
Comment:
Comment:
Current 5 waves structure comes to end.
Watch for any sell setups on lower timeframe.
Be aware there is posibilty that current wave terminates even at 1.34800 level so be cautios when try to pick top.
Price behaviour while droping will tell us either we will be in correction or impulse so do not miss as it will be definetly worth take it.
Watch for any sell setups on lower timeframe.
Be aware there is posibilty that current wave terminates even at 1.34800 level so be cautios when try to pick top.
Price behaviour while droping will tell us either we will be in correction or impulse so do not miss as it will be definetly worth take it.
Comment:
Comment:
Comment:
Price has reached one of daily trend line so we can expect a pullback.
As for now, price action indicates impulsive nature of moves so it can drop all way down to the target.
As for now, price action indicates impulsive nature of moves so it can drop all way down to the target.
Comment:
Comment:
We might have bigger correction this week so pay attention to price action.
Comment:
Comment:
Shooting star candle developed on daily time frame plus we have a pullback rejection at 0.618 fib retracement level from current drop.
Look for good sell entry on the lower timeframe and aim at least for 400 pips move.
Look for good sell entry on the lower timeframe and aim at least for 400 pips move.