In our last analysis, we identified that we were in a 535 zigzag pattern. We had a bullish setup on the completion of wave B (subwave C). We moved up perfectly and gained over 100% raw gain from that trade!
We are now at a critical zone. We are looking for a rejection here and then a move down to complete the major ABC zigzag pattern.
Trade Idea: - Watch for rejection of structure - Safe entry on break of red trendline - There may be a risk trendline lower timeframe so do keep a look out for that - Targets: 3.6, 2, taper positions thereafter
is your chart still valid ?? do give update about it
Afsars
⋅
Needs revision of ur analysis...
mafs_4
⋅
Lets say if DOT break and close above subwave B ( 8 - 9$ ) then this scenario will be invalid that's will be first confirmation ? all together i appreciate your efforts keep doing the good work ( do respond on my thoughts about it )