Just updating! :)
I'm still sticking to this count. Just an update from my previous one.
As the dollar weakens, this count seems perfect. We got a strong buying candle and the volume isn't bad either. A stronger move up may be heading soon!
I'm currently in a short position, with tight stops. Eyeing a retrace to that 0.382 fib
With that bounce, i must assume that we've officially have put our "b" (these b waves can be tricky to catch them), and now we're going for deep correction. If we do make a new high from here, this count will be completely invalidated.
I see us making one more move down before we actually bottom! Keep an eye on the volume, because we sure need it to actually bottom! It's low right now, which is another reason to be bearish.
With that bounce, i must assume that we've officially have put our "b" (these b waves can be tricky to catch them), and now we're going for deep correction. If we do make a new high from here, this count will be completely invalidated.
This ABC now seems completed! It's also good to note that we're still going up with declining volume.
Looking for a big bounce any time soon. I do notice a bear flag, but i don't believe it'll play out. From a volume perspective, we can see that we are gaining momentum, as sell volume decreases. Don't try shorting this!
Bullish momentum has been lost, and i can't see this thing going any further anymore. Volume has been getting lower and lower! Be careful if you're in a long position, as this thing can totally plummet at anytime! If you've been following me lately, you do know that i've been bearish for quite a while now!
Volume is still worrying me, so i'm keeping stops tight! Overall, it's a low risk trade.
Expecting a large bounce once we put our 5th wave. Keep an eye on the volume, as always!
Seems like we've have put our "B"! Looking for continuation of the downtrend now, to complete our C. Will do further anaylsis as soon as my target gets hit! I consider this a low risk trade.
After we've put our 5th wave, we got instant reaction with nice volume. Volume is quite concerning, but if we've actually have put our 5th wave, then we'll be getting that soon. Don't panic! I'm expecting a bounce at any moment to complete our ABC! (Catching this B is quite tricky, but i don't see us falling any further!) The bottom is near. Target is 0.618 fib
Either we bounce here, or fall further. Volume isn't great right now, so put those stops right below that low.
If you have been following me lately, the one thing i always observe (and you should too) is the volume. After each push to the upside with volume, we start to lose steem, and the volume decreases. This time, it's no different. We're below the MA again, and we're going up with decreasing volume. It's time to short again! I'm expecting a flat correction