In the higher timeframe, investors should wait for the pullback to buy again.
The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe. The surprise would be that the 3 waves down are unfolding in 5 waves which would mean an ABC correction instead of a WXY.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe.
We are waiting for more data to come up with a reliable EW count and trade setups.
In the higher timeframe, investors should wait for the pullback to buy again.
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
The short trade was successful. Now we are reaching the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (c) and wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
In the higher timeframe, we are expecting more upside to finish a wave (3). However, there is a chance that we are still doing the higher degree wave II correction.
Let's look back at the past trading week and learn from it. What went well? What could be better?
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.
We take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei. *** Feel...
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (y) area.