Expecting a bearish reversal very soon here.
The higher time frame count suggests that we should see a sharp reversal lower as potential wave 3 or wave C.
But because we have a nice round base here, this could become a Cup and Handle pattern which is bullish!
In that case, we should see price retrace around half of this move up before reversing higher.
Key to understand what will happen will be to understand how the move lower will unfold,
choppy and overlapping taking a lot of time-> Bullish
sharp and quick -> Bearish.
The higher time frame count suggests that we should see a sharp reversal lower as potential wave 3 or wave C.
But because we have a nice round base here, this could become a Cup and Handle pattern which is bullish!
In that case, we should see price retrace around half of this move up before reversing higher.
Key to understand what will happen will be to understand how the move lower will unfold,
choppy and overlapping taking a lot of time-> Bullish
sharp and quick -> Bearish.
Not
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Not
We got a nice sharp drop that looks impulsive. We have 3 for now so could see a small consolidation till we get the NFP coming out after which we should see a fifth wave lower. Not
Still in wave 4 consolidation for now but might resolve lower soon after Powell's speeches Not
Wave 4 took a bit more time than expected but it's still valid.I would like a new low, even if briefly to consider a completed impulsive wave but it's not a bad idea to take some profits on your shorts even at current level.
Not
This one just keeps on giving as it continues going lower in what seems to be wave 3. Support could emerge around 19.05 or 18.90. Not
You can see more updates on my Telegram channel!Not
Updates on this new post from now and of course my Telegram channel
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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.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
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.