Currently building C leg. It could stop at the same level as the A leg but could continue as far as 5600. The B didn't rise above A, so C is likely to go deeper ( 50% or 61.8% fib).
Everything is on the chart. This is more a countertrend scalp or a "wait to add more" option. All orange zones are possible rebounds. Dark orange one is more plausible for the rebound.
We could be in the last stage of a wave 2 correction. In that case, target should be Fib 78.6 or 88.6. Wait for a candle confirmation at that level before entering for a likely wave 3.
LTC could retrace to 44/46. If we get that downside leg, watch for a bounce confirmation around 46.6/44.7. In that case, we could see a last bullish leg with a 70-80 target before a bigger correction.
Everything on the chart. Currently inside a triangle. (a)= Expecting a (bullish) flag and breakout to the upside (b)= Retest of the red line (new support) (c)= To 1.344-1.35
Trying to catch it early. Better to wait for the 4th leg to the upside for confirmation. If ok, short the leg 5. Be careful with Brexit vote.
Levels to watch step by step: Purple line: If break => End of wave (c) (yellow) (seems to be broken on lower TF as of now) Orange line: If break => End of wave C (red) Black line: If break => Probably to new High Keep in mind it could be a complex correction. If this is the case, that ABC could just be the first wave of a bigger bearich ABC.
Bullish breakout (blue)=> Need to break Red resistance => Confirm Wave v Bearish breakout (purple) => More correction coming=> Target Green support or Fib 61.8/78.6
Ending ABC (green) of B (red) Perfect bounce on Green support line Next: C (red)
Wave 1 terminée. Début Wave 2 (Correction en cours).
Violet = Correction ABC qui a débuté le 17/12. A=5 jours / B=5 jours / C=5 jours ? Vague en cours = C (composée de 5 vagues 12345 en rouge) Détails des 5 vagues de C: 1 = i ii iii iv v (orange) 2 = abc (bleu) 3 = i ii iii iv v (orange) 4 = abc (en cours, bulle jaune). Vague de correction qui ne devrait pas remonter au dessus de 13500. 5 = commencera après la...