3x wave (more than 423%) possibly causes 5 failure as truncated zigzag
Sell at DBD (50%-61.8% Retracement)
Buy at 5 (truncated zigzag) following retracement and go to the moon (I wish)
4 (D1) should be ended!! Too long !! Haha .. I want to see 2100 ;p
Confluence detector 1765 of my previous analysis was lovely for me even it took 2 months but worthy. There is the divergence of H1 and H4 and the price at 1765 touched downtrend channel of D1 and also EMA50 of W1. As long as the price can be over 1800, I expect that there will be Head and Shoulder pattern of TF H4 as figure shown.
Thank you for watching : )
If support line 1820 is doing good, wave V is possible to start and you can open long. If it goes to 1765 as my preferable idea of confluence (degree 38.2% correction) before moving to the last wave V, that would be great to open long too!
What do you think? Opinions and suggestions are very welcome : )
My idea is to open short 1970 area and target to 1765 (TP) which is confluence for Timeframe W1 and H4 and I will open long after that. If this week, it's going up above 1975 (SL), my idea will be wrong because b should not rebound more than 80% of previous wave (2075 and 1863)