LT
HHHL + Y1<Y2 = it is a uptrend
Star Step (assuming X2 completed)
ST
Despite HHHL + Y1>Y2, loop 2 didn’t hit target up @ 0.618 so it is still a sideway
T1<T2 (assuming X2 completed)
there is strong pattern A #1; but weak pattern A #2; and strong pattern A again #3
In conclusion, it is a strong uptrend with W&R #1 in long term.
There is no power and subtle reversal signs in short term, it might continue going sideway before it goes up.
TP = 1.030
SL = 0.590
HHHL + Y1<Y2 = it is a uptrend
Star Step (assuming X2 completed)
ST
Despite HHHL + Y1>Y2, loop 2 didn’t hit target up @ 0.618 so it is still a sideway
T1<T2 (assuming X2 completed)
there is strong pattern A #1; but weak pattern A #2; and strong pattern A again #3
In conclusion, it is a strong uptrend with W&R #1 in long term.
There is no power and subtle reversal signs in short term, it might continue going sideway before it goes up.
TP = 1.030
SL = 0.590
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.