Weekly's forth wave almost done. Happy trading!
A correction (hourly) within a correction (daily ABC) of a downtrend (weekly). IF price action shows itself very similar to the forecast , THEN you trade. Cheers!
Accordingly to the wave count the fifth wave of the daily uptrend (five waves up) made its peak and price action suggest the begining of the correction on hourly. This whole dynamic is the second wave on weekly basis (see RELATED IDEAS) and it is expected a Zigzag movement on daily chart.
I think we are seeing a real shift on geoeconomy. Follow the evidences: - FED promises THREE rate hikes this year - The change of the geopolitics towards a USA-Russia simbionse - "Economic emancipation" of China. (The nationalization of the world's mass industry). - The End of BRICS (as we know it). - The maturation of Euroland and Asian Tigers. - Rejection of...
Long-term bearish movement idea of the correction of previous impulse between 2008 - 2012. The current uptrend on hourly/daily could be the second wave of the last C-wave of the long term correction. Happy trading!
First wave in the wake of the impulse. Happy trading!
It does not look like a reversal yet. Short term sell is valid. If price plays along till supports area, further price action analysis will be needed to presume if the correction continues or not. Cheers.
This is my ultimate analysis. Hope you like it! Happy trading!
Following the trend. Trade graceously!
I do not know if it would be a vigorous impulse to the upside reflecting a potential reversal on daily basis, but it is a setup with good risk/reward ratio. Good luck!
The ultimate wave count! Happy trading!
Happy trading!
Last idea I have foreseen the target to $50 as minimum target. In fact, the target for this quotation (TVC) has already reached. It is expected to see a correction for the last hourly impulse. First target is the 76.4% retracement (near $47). Good luck!
I'm expecting a five wave impulse on daily basis. Trade with care!
Here it is my wave count on daily. The weekly view: Good luck!