Hi Traders...
We are almost at the end of the upward trend that started in late October
(Within wave 5 blue color)
Now the question is, is the upward trend over (wave 5 is over)?
Due to the fact that we are above the cloud and inside an ascending channel, and on the other hand, the two peaks that I specified in the chart have no observed divergence.
As a result,...
In the upper time frame, there is a higher possibility of an increase, but before that, the price must go lower during a corrective zigzag movement.
In this trade we are looking to capture the second bearish leg in a short position and then at the support levels we should look for a capture of the last up move.
