Follow back on april projection :
So for april we almost had it. the resistance is 0.08 and not higher as expected. I should have consider the 5th as the spike right after the 3rd.. dat greedy subconsciousness.. hoping to reach higher resistance ! But overall success on the retracement :
_______________
Scenario A :
If we reach a higher high then i will consider the past resistance as new support and may wait before scalping as bigger pattern might form. Put your eyes on a probable daily MACD bullish crossover. It should happen in the first week of May :
Scenario B
If we dont reach a higher high its gonna be most probably an ABC retracement normally ending in the wave 1-2 price zone. In this case i will secure my position with sell limit. Watch the daily MACD, we going toward neutral spectrum where high fluctuation happens when MACD bearish/bullish crossover :
______________________
On the longer term my ideas are :
MACD going directly toward positive spectrum - optimist
or
MACD pause, we retrace then gradually going up - careful
like this
So for april we almost had it. the resistance is 0.08 and not higher as expected. I should have consider the 5th as the spike right after the 3rd.. dat greedy subconsciousness.. hoping to reach higher resistance ! But overall success on the retracement :
_______________
Scenario A :
If we reach a higher high then i will consider the past resistance as new support and may wait before scalping as bigger pattern might form. Put your eyes on a probable daily MACD bullish crossover. It should happen in the first week of May :
Scenario B
If we dont reach a higher high its gonna be most probably an ABC retracement normally ending in the wave 1-2 price zone. In this case i will secure my position with sell limit. Watch the daily MACD, we going toward neutral spectrum where high fluctuation happens when MACD bearish/bullish crossover :
______________________
On the longer term my ideas are :
MACD going directly toward positive spectrum - optimist
or
MACD pause, we retrace then gradually going up - careful
like this
Trade active:
Update soon. Srry for no update recently. Im in my officer course to join the medical unit and I dont have acces to internet since 2 months. I plan to allow some time tmrw for a new update !
Comment:
So its just the same chart as 2 months ago. I didnt touch the line or pattern and it foolow my 2 months old projection