This would be a low priced entry guys. We can see that its at its low and the 1st and 2nd wave are complete. Buying here would be a good idea since you would be capturing the 3rd wave. We can see nice volatility building up on this one guys.
Hi guys for long term traders holding your short positions with a stop at the end of Major wave 5 with long term targets of the 61.8% retracement of this whole move would be an excellent idea. For short term traders keep going short on the smaller time-frames with the same targets cheer z guys
We see that there is a possibility of wave 4 being a shallow correction of the wave 3 since wave two was a very deep correction almost 80%. We are interested in capturing wave 5 which may probably be an extended wave since wave 3 was a normal wave. Our buy zone would be around 23.60% correction of wave three with confirmation on the lower Timeframes CHEERZ...
This is a quick one guys. We can have our stops @ 110.50 (This should be the end of that impulsive wave as we can see divergence setting in). We can hold our buy positions as we see a retest of the trend-line and probably a break. Lets see how it plays out. Cheerz!!!!