Eliott wave count from the current top at 9170 is pretty predictable - now we have two scenarios:
1) We have finished 4th wave and we will see drop towards 8270 -8170 zone very soon.
2) Price will go up now, above 8750, we will finish ABC correction and then we will drop to 8270-8170.
Both scenarios have same outcomes - once last drop to finish 5th wave.
1) We have finished 4th wave and we will see drop towards 8270 -8170 zone very soon.
2) Price will go up now, above 8750, we will finish ABC correction and then we will drop to 8270-8170.
Both scenarios have same outcomes - once last drop to finish 5th wave.
Comment:
Current move down is very slow, with no volume, very typical for 5th wave. I have two limit LONG orders - at 8360 and 8270
Comment:
Potentional triangle
Comment:
Triangle is now out of play, so now I am tracking ABC correction and then down to 8300-8200.
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Comment:
Still no change, I still expect one move up towards 8760, then we will go down.
Comment:
This analysis is no more valid, here is new one :
