Bullish divergence with rsi on the daily. Doing 5 waves down of a larger C of Y of next larger degree, IMO.
Expecting a small bounce out of the descending wedge forming inside another descending broading wedge that I'm not too confident about.
Potential targets indicated by horizontal support/resistance lines.
Break out of the descending broadening wedge would invalidate this count .
This is not an investment advice and just the way how I view this market . Dont trade on my opinion. Get your own and trade on them, carefully.
Thank You.
Expecting a small bounce out of the descending wedge forming inside another descending broading wedge that I'm not too confident about.
Potential targets indicated by horizontal support/resistance lines.
Break out of the descending broadening wedge would invalidate this count .
This is not an investment advice and just the way how I view this market . Dont trade on my opinion. Get your own and trade on them, carefully.
Thank You.
Comment:
Trade closed: target reached