Wolfe Wave forming near strong SR level and Demand area. Only go for long position when after price break out 1-3 line and reenter 1-3 line.
Wait for the price to break the 1-3 line and reached the 127.2% or 161.8% Fib level and reenter 1-3 line before taking a short position.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level . Only go for a long position when the price has broken the 1-3 trend line and showing reversal move.
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bearish Wolfe Wave formed near SR level and Supply area. Price also has reached coming up to 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move
Bearish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 127% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.
Bullish Wolfe Wave formed near strong SR level and Supply area. Price also has reached 161.8% Fib level. Only go for a short position when the price has entered below the 1-3 trend line and showing bearish move.
Bullish Wolfe Wave formed near Demand area. A good Wolfe Wave should react at 127% or 162% Fib level. Only go for a long position when the price has broken the 1-3 trendline and showing reversal move.
1.12700 is a nice round number for a resistant level. Price has break the support level recently and I'm expecting the price to retrace to 1.12700 resistant area. I'm also expecting the price to be rejected by the level (first touch). I would go for a short position after price has reached the new resistant level.
Price has reached support level. CCI showing very low values and showing divergence. Expecting price to go up reacting to the support level