We have possibly bearish bat pattern in development on weekly timeframe.
We have had a breakout of weekly trendline and retest of previous structure.
We have made new recent top with impuslive move and now I expect a correction , pullback before next up move.
We have had a breakout of weekly trendline and retest of previous structure.
We have made new recent top with impuslive move and now I expect a correction , pullback before next up move.
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It is very close to reversl.
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Possibility exists for one more down before reversal
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So far looks like there is nnot change in structure and target should be made at 136 -137 level.
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End of second correction expanding flat ABC.
More pushing upside expected.
More pushing upside expected.
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This is one possibility how the structure can develop.
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Looks like consolidation before last small wave up.
After we should get much bigger wave to down side.
After we should get much bigger wave to down side.
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Finally broken out from longer consolidation.
One more up before bigger reversal.
One more up before bigger reversal.
Trade closed: target reached
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Looks like we might have a reversal at this point
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Momentum is decreasing rapidly.
I expected bigger wave to downside so do not miss one if develops!!
I expected bigger wave to downside so do not miss one if develops!!
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PLease ignore