To continue with my long bias... Lower time frame Elliot Waves count shows us a possible leading diagonal for a wave 1 and ABC down for a possible wave 2, also OBV has touched a trendline from the bottom and got a bounce from 2019 October resistance, which means we could be flipping resistance in to support on OBV. This action is confirming Elliot Wave Count as well, therefore I got to still stay bullish. If we manage to flip above 8500, I would be extra bullish and would be waiting for 9600, at this level I would reevaluate my long exposure
Good trading and good weekend everyone
Good trading and good weekend everyone
Comment:
P.S. Don't count on me for Elliot Wave levels on the upside, I need more time to actually confirm something
Comment:
Elliot Wave lines is not an entry levels or something, it is just labeling as of now. My long entry is at 8300
Comment:
We have got the bounce from the lows, although it is very plausible that it is going to be only and ABC up.... I will update on the way
Trade closed: target reached:
Trade is done at 8764, let's see how this action unfolds
