We are at impulse wave 12345, right now at 4th leg, heading to the 5th wave to complete wave down, ABCDE triangle is visible very good!
Comment:
Overshooting to 9700ish is expected, but still it looks like we heading down
Comment:
By pulling fib ret from wave 1 to wave 4, we can see we stopped at fib 0.382.
A classic move of wave 4.
Another thing we can see is the candles shape at 4h chart, signal is the weakness of trading around 9600-9800 prices.
A classic move of wave 4.
Another thing we can see is the candles shape at 4h chart, signal is the weakness of trading around 9600-9800 prices.
