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this is the last bearish model we can consider for now.
if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
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By the way I have short the market already ;)
lets see what will happen
lets see what will happen
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don't rush to sell, there is bluish scenario which is strongly valid as well!!!
We need all to see several confirmations.
We need all to see several confirmations.
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I didn't expect the price to drop so quickly ! but everything is going based on the predication so far :)
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now that we have our first confirmation , this the the bearish setup
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now we have 2 scenarios, I have plot both on the same chart
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Unfortunately we hit the invalidation level
this is the new wave count
this is the new wave count
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The 30min chart will be this way, we have a wxyxz correction now
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I published the new post see that one for the recent updates
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white count seems to be working more closely. are we setting up for bigger drop in near term?
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@isuskha, we just hit the invalidation level and we will have another corrective structure soon.this is a WXYXZ corrective structure , it is a very rare corrective structure and looks like an expanding triangle to me, if it break it will be explosive. lets see if it explodes to the down or up. there is a bull count which is also valid but i have not published yet as I don't think the market can go any higher
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1-fibo level
2- broken trend line
3- RSI resistance point
you can even consider shorting now as the stop loss is also very tight