Hello traders.
I hope this time is the starting of down impulse. I haven't put an entry order yet. I'm waiting for an up move as C wave inside of correction. Then I will place my order. Here is my medium-term forecast.
I hope this time is the starting of down impulse. I haven't put an entry order yet. I'm waiting for an up move as C wave inside of correction. Then I will place my order. Here is my medium-term forecast.
Comment:
I have put an entry order. Target is 1120.
Comment:
The correction might be over. There is also a chance for one more up move after the pull-back to the trendline as X wave because there is no divergence. 0.618 retracement can be good reversal point. I will take a short trade when it breaks the yellow trend line.
Trade active:
I missed all short opportunities on Thursday and Friday because I wasn't in front of the computer. I hope you took the breakout trade, that I showed you in video analysis on Thursday. Anyway, I'm in the trade now.
Comment:
If you took the break-out trade like I showed in the analysis video on Thursday, move your stop-loss to breakeven and leave it alone. If you took the trade with entry order like me, just wait.
Comment:
I moved the stop-loss to breakeven because daily structure between yellow lines looks like a perfect long trade setup. I will take a long trade after breaking blue line in the 1H chart. If you took the trade from the top 1320 can be good stop-loss.
Comment:
Both directions are very possible, just leave it alone. My stop-loss at the breakeven. Please watch today's analysis video on Youtube for details. Because it would be very complex to explain by drawing.
Comment:
It came down to the trendline. Now it can bounce back or make a correction. I will take another short trade when I see a good trade setup. My target is still 1120.
Comment:
Wait for a flag to take another short trade. Don't sell it before correction because there is still a chance for one more up move.