We have a nice fiboprice and fibotime cluster soon. Expecting an upmove
Expecting some good reaction at about 81 --- see chart -- blue boxes are demand and fiboclusters.
Just reaching a small cluster, but around 115 there is a better one, see chart
expecting a five wave move to former pivot - zone (red) to confirm a sks - pattern.
but correction could also be finished - time retracement of downmove is 61.8% now.
Where can we go long again?
High risk short possibility
There could be a possible end of impulsiv wave A/1
We have some divergence in RSI, wave three was extended
wave 1 could be equal wave 5
see chart - expecting some correction to orange box
weekly overbought, monthly down!
here fits all: price, time, divergence
but always remember: It's just probability
I think correction ended finaly. If we take the measured move from the first impuls (left) it will end at 1.65, so there will be some chances to enter trade if you not in.
Have good trades!