I can see a good short set-up
There is 3 reaction lows at 16830cny
The volume has been contracting since wave A
It leads me to place a wave a that overshoot the top
18900 cny is strong resistance and a good entry for a short.
A SL around 20100 cny, the next major resistance is a good idea, A break above would signify the uptrend to resume.
There is 3 reaction lows at 16830cny
The volume has been contracting since wave A
It leads me to place a wave a that overshoot the top
18900 cny is strong resistance and a good entry for a short.
A SL around 20100 cny, the next major resistance is a good idea, A break above would signify the uptrend to resume.