Hello Traders,
As forecasted at the beginning of the week (Link below), there is a good time cycle zone which is in place now. As promised, I am going to make it more precise:
During this time zone, there is another time zone (green lines) which is important, if price continues downward till the green lines, then there is high probability of upward movement one more time till the black line then reverse, in case trend continues upward till the green lines and reaches to these lines when it is at swing high then I expect a good reversal. Based on these Time Cycle zone, I expect two scenarios which I showed them on the chart by Red and Blue lines. Blue line scenario is better and I would trade based on that if it happens. But due to the fact there are several important News ahead, it might not work as it should be.
Here is a link to the forecast I published at the start of the week :
Good luck
P.S. Sometimes I define the Time Cycle zones in advance, so these analyses might need real time updates and if you want to consider them for your trading, you need to check the updates when price reaches to the Time Cycle zone. In case that they are valid and nothing changes, I would not update the analysis at the time of Time Cycle zone.
I try to define the best time for Correction or Trend reversal in the market, “Time Cycle zone”, not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Another thing is that you need to follow your own strategy and risk management. These analyses are just my opinions and they might be wrong. They are not trading advice.
As forecasted at the beginning of the week (Link below), there is a good time cycle zone which is in place now. As promised, I am going to make it more precise:
During this time zone, there is another time zone (green lines) which is important, if price continues downward till the green lines, then there is high probability of upward movement one more time till the black line then reverse, in case trend continues upward till the green lines and reaches to these lines when it is at swing high then I expect a good reversal. Based on these Time Cycle zone, I expect two scenarios which I showed them on the chart by Red and Blue lines. Blue line scenario is better and I would trade based on that if it happens. But due to the fact there are several important News ahead, it might not work as it should be.
Here is a link to the forecast I published at the start of the week :
Good luck
P.S. Sometimes I define the Time Cycle zones in advance, so these analyses might need real time updates and if you want to consider them for your trading, you need to check the updates when price reaches to the Time Cycle zone. In case that they are valid and nothing changes, I would not update the analysis at the time of Time Cycle zone.
I try to define the best time for Correction or Trend reversal in the market, “Time Cycle zone”, not the exact place of price, so lines and bar patterns that I put on the chart are only showing time and direction.
Another thing is that you need to follow your own strategy and risk management. These analyses are just my opinions and they might be wrong. They are not trading advice.