Hi traders, seems we might have some more of a downtrend, We are in the last waves of ABC´s correction, (wave C), after all the market should go higher (Motive waves, 1-2-3-4-5), but we need to wait for the correction wave C to be finished. 1d-frame
Please check the trend, the market should bounce under the pivot, and then it might hit S1, bounce, and then break down up until S2. keep in mind we are in the last phase of correction, soon we might see the market go higher, be ready. Check the pivot levels on the chart.
Indicator MA 200, 20-8 RSI 8 MA8 Bollinger 20, Volume, MACD, Pivot points Levels. Intraday Strategy. Elliot wave theory.
The market has the last word. :)
Please check the trend, the market should bounce under the pivot, and then it might hit S1, bounce, and then break down up until S2. keep in mind we are in the last phase of correction, soon we might see the market go higher, be ready. Check the pivot levels on the chart.
Indicator MA 200, 20-8 RSI 8 MA8 Bollinger 20, Volume, MACD, Pivot points Levels. Intraday Strategy. Elliot wave theory.
The market has the last word. :)