In 4h time frame we have 3 waves that have been completed. now we see a powerful move and a new high, but probably its end of wave 4.
stoch rsi is in overbuy, so it means wave 5 is beginning probably.
when wave 4 enter _ with body candle not with shadow _ to wave 1 (means overlap zone), this analysis will be invalid.
however I think the main trend will be bearish.
stoch rsi is in overbuy, so it means wave 5 is beginning probably.
when wave 4 enter _ with body candle not with shadow _ to wave 1 (means overlap zone), this analysis will be invalid.
however I think the main trend will be bearish.
Trade active:
we can say, Wave 1 is started and we are in wave 3 of 1 in 30 min. but in 4h time frame we still in wave 1 and this wave is completing.