ZorgOros

ZorgOros

I believe Eu in the bearish trend in the channel, and by stabilization of the price below the midline, it will be confirmed and continue to the end of the major C wave or minor 5 bearish impulses. I believe after confirming under mid line selling should be beneficial in the midterm deals

ZorgOros Updated 

the cloud is dense I don't think the price could break it. as we see there is a possible price break on the bottom side of the triangle pattern. the resistance area shown by green is the EMA 200 of the 1H time frame which could be good support, but if it will break then we could assume that a bearish trend might start. this is just an idea and we will what...

ZorgOros Updated 

due to continues observation, we can understand that price is behaving as we predicted before. if the price could take the EMA 50, there is a possibility to use it as a base and rise and reach the EMA 200 ( green square ) Another and more possible scenario is the price reacts to one of EMA ( 200 or 50 ) as resistance and fall and start a minor sub-wave E. which...

ZorgOros Updated 

the main scenario is that the chart goes deeper,

ZorgOros Updated 

I think it starts its correction wave, so we need the chart to make us a minor ABC... maybe, maybe not, it's just an idea, pls comments your thoughts

ZorgOros

deeper in 30m TF first sub-waves ( green ) ( bearish ): we had an impulse(W) and a correction(X) ( which explained by white ) now we are in another impulse wave ( bearish ) ( Y ) that could complete our correction ( green (Y)) and (major blue (4)) and EMA 50 the purple line, can help us to better understanding sub-trends for this time frame I would...

ZorgOros

I will update it with other ideas I will be happy if you leave any comment

ZorgOros

after 5 waves bearish the major C wave will be complete and the long-term trend ( bullish ) will continue to rise and a 1 wave will start.