14 0 1
Price has bee trading extensively beyond our price target and could well be at the end of its current wave. We see mixed and contradictory signs in the development of this chart and want to see a clearer picture develop before taking any action. The upward potential from here obviously is very limited so that is not an option to consider at all but at the same time the timing for a short play could be not for now.
Price has been moving within the ascending wedge from where, as per the rules of TA, it should break our to the downside. At the same time we see a ending diagonal developing during the past 6 to 8 session which, as per same TA rules, is a continuation pattern. There is a complete wave count possible as per the EW rules and principles but that does not mean that the EW pattern is complete indeed.
We want to see what happens next on this chart and will go into a 'wait-and-see' mode until we see a clear picture.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out