The upward trend is back, but it seems to be intentionally depr
We seem to be taking a similar flow to what we expected, and we can set the benchmark for long buying.
If you are the last step to transition to Bullish, you should expect to see something like this:
1. ABCD A rebound should occur near the rebound point of 3570, which is the rebound of the downward wave, and the 3540 should not be broken.
2. Despite the downtrend, it should be strong enough to touch the 3620, which was the price of the ABCD downward wave.
3. Finally, you should be supporting the 3590, the center line of convergence.
+ If the rebound goes up strongly, we can sense the direction.
If this happens, we will be able to buy longs with risk.
If you are the last step to transition to Bullish, you should expect to see something like this:
1. ABCD A rebound should occur near the rebound point of 3570, which is the rebound of the downward wave, and the 3540 should not be broken.
2. Despite the downtrend, it should be strong enough to touch the 3620, which was the price of the ABCD downward wave.
3. Finally, you should be supporting the 3590, the center line of convergence.
+ If the rebound goes up strongly, we can sense the direction.
If this happens, we will be able to buy longs with risk.
Trade closed: target reached:
clear
