On my previous idea I had an expectation of US30 to recover some of the ground lost this year. It broke the 2016 and headed to a channel limits placed over 16,560 value. Tested it several time and now looks like the quote goes down again.
If my interpretation is correct, I´d say, we are somewhere near the end of the A wave. Therefore, I´d wait for a B wave correction and then Short to catch the C wave which should be important.
The quote now is around 16,300. Once again, if the interpretation is correct, we have to go slightly lower, then correct back to 16,400 and that´s where I´d short.
Sell order: 16,400 (only if we climb to 16,400 after current decrease)
TP3: 15, 800
As ever, your feedback and any alternative views on this are highly appreciated!
SL still the same: 16,650