We are going to correct to the huge price imbalance with the beautiful 4th corrective wave inside the third
Also there are couple of divergencies formed at few other TF with CCI
Possibly its just an ABC correction for the further downwards move. But right now short position looks legit.
Furhermore, we`ve reached 2.618 Fib which is usually a maximum target for the 5th Elliot wave cycle.
Also there are couple of divergencies formed at few other TF with CCI
Possibly its just an ABC correction for the further downwards move. But right now short position looks legit.
Furhermore, we`ve reached 2.618 Fib which is usually a maximum target for the 5th Elliot wave cycle.
Comment:
Boom. Here we go. After the wedge in the 5th final wave we shall see a 3 wave formation probably somewhere close to the top of the 1st wave or the 0.618 fib
Trade closed: target reached:
Stop loss to 0 - no risk in this trade now
Comment:
Still moving on