The last week the price was lock in a trading range between 1,20/1,2070 and in the afternoon of friday the price broke the high, when there is a very low liquidity. The wave is arrived near a big dinamic trend line and on 0,61% retreacement of leg born on 07 jan and this is a typical retreacement of Elliott 2Wave.
So I think this it, can be a potential false break out because there isn't a big volume increase and the momentum has a big divergence (on week time frame).
On basis this consideration I suppose there are possibilities about a new short leg (probably the Elliott 3W - see the red count)
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This is not a financial advise.
Trade safe always.
So I think this it, can be a potential false break out because there isn't a big volume increase and the momentum has a big divergence (on week time frame).
On basis this consideration I suppose there are possibilities about a new short leg (probably the Elliott 3W - see the red count)
-----------------------------------------------------
This is not a financial advise.
Trade safe always.
Not
the price is going down into grey box as expected and near daily support.
Not
Break of dinamic support as aspected .... if the price will go down, will start bearish wave
İşlem kapandı: hedefe ulaştı
T1 take
the price will be go down yet
Not
we arrived on the support zone and there will be a potential final 5wave minor to complete the short moviment. Then coul be an ABC
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.