Toutatis_4179

Toutatis_4179

1. Within the uptrend channel in the 4 hour time frame 2. Will see selling as price approaches 124

Toutatis_4179

1. Long at the lower side of the triangle 2. Sell for long term if 0.776 is broken.

Toutatis_4179

1. Long term trendline support (may not hold but can cause a little bounce) 2. Daily RSI divergence 3. No confirmation yet

Toutatis_4179

On the weekly chart: 1. Two pin bars at key support 2. Confluence of key support and long term trend line support

Toutatis_4179

Next few week's price action is important....

Toutatis_4179

Special thanks to @DanV from whom I learnt how to count Elliot wave more professionally. Caution: upside looks quite limited in my opinion, I am using this wave analysis just to watch for the best opportunity to go short.

Toutatis_4179

It looks like we are still in ABC correction. Expected to test the 400 low again to complete the C wave before going to the moon...