In this analysis, I will be discussing the possible short opportunity in the CHFHKD Pair.
It appears to me that the greater trend has been completed, and we an a,b,c correction take place.
My first reason supporting this is that we have broken out of the trendline for the greater impulse structure and rejected it before sharply moving downwards.
Similar to...
I am not picking a top. While I am posting this there is no guarantee that we have hit the top, but I believe we are near the top.
As the analysis shows, we appear to be finishing wave 3 of the higher trend.
My reasoning behind this being a wave three is as follows.
Wave 3 of this wave is not the shortest.
It is a 5 wave move, making it impulsive. We see...
