main scenario
short toward 37000
why ?
completion of wolfe waves on 4H
a clear divergence on MACD on 4H
price stable below 200 EMA on Daily and 4H
price action about breaking trend line of 1-4 of wolfe waves
indication of ichimikou for bearish move(for simplicity i turned off ichimikou on the chart)
alternative scenario
in case of failure and price goes up and stable inside the channel depicted on the chart and stable above 200 EMA ,the target is 46000
any idea ,please share
tnx
short toward 37000
why ?
completion of wolfe waves on 4H
a clear divergence on MACD on 4H
price stable below 200 EMA on Daily and 4H
price action about breaking trend line of 1-4 of wolfe waves
indication of ichimikou for bearish move(for simplicity i turned off ichimikou on the chart)
alternative scenario
in case of failure and price goes up and stable inside the channel depicted on the chart and stable above 200 EMA ,the target is 46000
any idea ,please share
tnx