1-2-3-4-5 impulse wave showing potential 5th leg coming down. Cup and handle in yellow seen may break bullish for quick short profits. Arrows represent LONG and SHORT positions. Shaded region represent profit taking levels based on 1.618 fib and strong support levels. Dotted lines represent support and resistance levels to use as stop loss (0.05% from initial position).
Comment:
Larger trend seems bearish - it's easier to trade with the trend just follow the momentum
Comment:
Handle is still in formation - it is a larger handle than anticipated. waiting for a bear break.
Trade active