facts: we are in descending triangle we are in wave (5) of wave 5 we have a bearish divergence conclusion: theory says will wait until wave (4) its complete recovery, thats mean the pattern its end and will be come a correction, so with careful we are looking the opportunity to enter short in lower time frame
I think will go up to 126 on 16 december and after that go down...
we have 2 scenario up scenario .nr 1 1. we are finishing wave b of wave ii( its right in 61.8%=0.6672 of wave a). in this case wave c can be a 100% wave a=0.626. scenario nr.2 If the price go above wave i =0.691, its must probable to be wave iii, with a simple wave ii, and a abc( maybe abcde) wave iv
Must wait to be break the yelow trend line, and then short with sl in top of wave and TP around 0.649
enter long with SL 0.6535 and TP 0.6592. R/R=1.52 its small:(
after the trend line broke, long with sl below lower 0.649. can be a start to a new 3(5) waves up.
if today ( FOMC meeting) its a turn point, the price can go in to a wave C or wave 3