Falling Wedge// . look closely on breakout of a trend line and VOLUME
Everything is described on TA ///
Hopefully this is the end of correction, but we have to be patient and rather 'lose' some of the profits, market will give us more chances anyway :)
So be patient with buy orders
TARGET: target should be previous support/resistance level, also I am going to update this idea in relation to it's development
gOOD luck Everyone :)
Please feedback, comments ... ///
Everything is described on TA ///
Hopefully this is the end of correction, but we have to be patient and rather 'lose' some of the profits, market will give us more chances anyway :)
So be patient with buy orders
TARGET: target should be previous support/resistance level, also I am going to update this idea in relation to it's development
gOOD luck Everyone :)
Please feedback, comments ... ///
Note
I'd say You can go LONG, just consider sizing of Your positions :)
Good luck
Note
Hello, just to mention, Yesterday VOL. : 9.300.000 Today (till this time) : 12.300.000
This is very good indicators, means large investors coming into the market.
By Elliot Wave rules, any reversal suppose to be followed by large Volume //
Good luck
Note
Now, we can see potential reversal, but we have to be patient //best buying opportunity is when downtrend falling edge is break // I will update when we should enter long position //
Best of luck
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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.