The current price is above 50 & 200
However, price seems weakened and finding its resistance at 194 area == pitchfork's midpoint
possible formation of 5 to be completed, suggesting to go south in coincide with MA crossover
Selling trigger method:
A break and close below the regression trend channel suggest to go south and take profit roughly before wave 4.
A break and close above the regression trend channel suggest to go north and take profit roughly around 195.500
Note: These are just our opinions about the market. They are not signals.
Your turn! What are your thoughts?