The price is arrived on strong support area
RSI are in overbougth
COT increase of long position
Could be a potential false break out of support trend then restart of first long Leg.
RSI are in overbougth
COT increase of long position
Could be a potential false break out of support trend then restart of first long Leg.
Trade active:
Sorry ... RSI In Oversold!! :)
Trade closed: target reached:
T1 Close
Trade active:
break of support ... true for short continuation or false for a long impulse? ..
Comment:
Comment:
as usually there is a market manipulation near big support/resistence area .. could be a false break .. how many bear will be traped on it? .. we will see in the next time if is it correct or no.
Trade closed: target reached:
T2 take
Comment:
As aspected the price created a false break down and is started the first long leg.
I think this first leg is finisched (or almost) and probably will start a short 2 wave ... that ca be flat or rebound 0,38/0,61% of first leg.
Then, the price should restart long to create the 3Elliott wave ...
remain still valid my previusly target as in the previus analisys
I think this first leg is finisched (or almost) and probably will start a short 2 wave ... that ca be flat or rebound 0,38/0,61% of first leg.
Then, the price should restart long to create the 3Elliott wave ...
remain still valid my previusly target as in the previus analisys
Trade closed: target reached:
T3 take
Trade active:
Start the impulse long for a proably final wave