Elliott Wave shows us that we have reached before the ATH, and then came back to 17.500 ish.
So Wave (0) was ATH, Wave (1) came down to 17.5, Wave 2 is where we are now reaching to maximum of 19.9(will), and then Wave 3 will take us down to 15.700-16.400 Range.
This was the Long Term look of it.
Now the short term is probably we might see around 19.8-19.9 range but we shouldn't forget that we still haven't visited the CME Gap, so it has not filled still... This has to be met soon or later which will take us down to the 18.5-18.9 range by testing 18.742$.
I would be SHORTING from 19.570 - 19.650 - 19.750 and lastly 19.9
When the price comes down to 18.7 I would put Stop Loss to 18.8, and let it ride.
Happy Trading.
So Wave (0) was ATH, Wave (1) came down to 17.5, Wave 2 is where we are now reaching to maximum of 19.9(will), and then Wave 3 will take us down to 15.700-16.400 Range.
This was the Long Term look of it.
Now the short term is probably we might see around 19.8-19.9 range but we shouldn't forget that we still haven't visited the CME Gap, so it has not filled still... This has to be met soon or later which will take us down to the 18.5-18.9 range by testing 18.742$.
I would be SHORTING from 19.570 - 19.650 - 19.750 and lastly 19.9
When the price comes down to 18.7 I would put Stop Loss to 18.8, and let it ride.
Happy Trading.