Bullish Scenario: Bullish Correction
Horizontal ABCDE or descending ABC Zig Zag
#1 8600 = leg C of ABCDE triangle
#2 8000-8200 = leg C of ABC Zig Zag
Bearish Scenario: Bearish Impulse
#3: 7800 = Wave C of Bull Scenario = Wave 3 of Bear Scenario
2 Scenarios for Short:
1 Scenario for Long:
SHORT - Tight SL
Horizontal ABCDE or descending ABC Zig Zag
#1 8600 = leg C of ABCDE triangle
#2 8000-8200 = leg C of ABC Zig Zag
Bearish Scenario: Bearish Impulse
#3: 7800 = Wave C of Bull Scenario = Wave 3 of Bear Scenario
2 Scenarios for Short:
1 Scenario for Long:
SHORT - Tight SL