The scenarios for the next move:
Scenario 1 – formation ABCD
1. Going down - wave (C) or CD
2. The two possible targets:
a. $8600: CD=1,46BC & CD=0,236AB expansion
b. $8200: CD=1,13AB & CD=2,236BC & CD=0,618AB expansion
Scenario 2 – formation XABCD
1. From $8900 could be one more move up, before correction
2. Wave CD could go to level $9600
3. From point D the next correction could start.
I’ll cancel the scenario 1 if a candle will close above $9100.
I’ll cancel the scenario 2 if a candle will close below $8750 (it’s 1,13 of wave BC).
It’s not any financial advisor, it’s my scenarios.
If you have any comments, please share.
Scenario 1 – formation ABCD
1. Going down - wave (C) or CD
2. The two possible targets:
a. $8600: CD=1,46BC & CD=0,236AB expansion
b. $8200: CD=1,13AB & CD=2,236BC & CD=0,618AB expansion
Scenario 2 – formation XABCD
1. From $8900 could be one more move up, before correction
2. Wave CD could go to level $9600
3. From point D the next correction could start.
I’ll cancel the scenario 1 if a candle will close above $9100.
I’ll cancel the scenario 2 if a candle will close below $8750 (it’s 1,13 of wave BC).
It’s not any financial advisor, it’s my scenarios.
If you have any comments, please share.
Comment:
The scanario on daily:
Comment:
The scenario 2 was canceled (price < $8750)
Comment:
It was the good lesson :) I cancelled the scenario 2, and just after that the price started to play it.
There is why it is good to have two scenarios for different situation.
There is why it is good to have two scenarios for different situation.