Hi guys,
The follow up of this projection. This past post is full of informations that I wont repeat here again :
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Its time to name this structure. Ive talked enough about my doubt of a major impulsives waves pattern. It doesnt fit. But the good news is this projected ABC finish right at the same spot as if it was a major impulsives waves i.e. if point AB was 1-2 the wave 3-5 would end near the same zome.
Normally C is 1.618 wave A or beyond and it ends right at the resistance
Daily ----- Right now, price fight the MA100 zone :
4h ------ For now the 4H looks like it needs to colddown a little bit. Ive highlighted here a potential reversal zone :
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Subsequent updates will follow
The follow up of this projection. This past post is full of informations that I wont repeat here again :
_________________________
Its time to name this structure. Ive talked enough about my doubt of a major impulsives waves pattern. It doesnt fit. But the good news is this projected ABC finish right at the same spot as if it was a major impulsives waves i.e. if point AB was 1-2 the wave 3-5 would end near the same zome.
Normally C is 1.618 wave A or beyond and it ends right at the resistance
Daily ----- Right now, price fight the MA100 zone :
4h ------ For now the 4H looks like it needs to colddown a little bit. Ive highlighted here a potential reversal zone :
_____________________
Subsequent updates will follow
Trade active:
one more leg down for the 5th. target zone will be reached :
Trade closed: target reached:
4H target reached :
Trade active:
I was warning you about the need to colddown a little bit, it happened. Update now. I added a scenario B since it retraced a little bit too deeper under support. If daily MACD continue the contraction expect further retracement at lower support :
1D :
4H :
1D :
4H :
Trade active:
i said : *In fact, it will be perfect to continue the dip a little bit lower near 6225-6285.*
now it seems that the market react accordingly to this
In fact, it will be perfect to continue the dip a little bit lower near 6225-6285.
Now lets watch
now it seems that the market react accordingly to this
In fact, it will be perfect to continue the dip a little bit lower near 6225-6285.
Now lets watch
In fact, it will be perfect to continue the dip a little bit lower near 6225-6285. We should see a spike in volume at B (where the supports at) :