Current SHORT or Possible Long Bounce

17 Şub 2020

Looking like a correction as of now, especially taking into consideration the wave counts as you can see.

We may however bounce off this blue uptrend line so keep that in mind. For now we are short though.

To see a bigger overview on a higher time frame, please check previous chart idea in the "Related Links Section".

17 Şub 2020

Not

Once we ride this correction down and it's complete, i'll be looking for the long moves.
If we enter long at the end of this correction, the target will be approx 360 - 550 pips.