Hi Guys,
Normally I dont like to watch the lower time frames, but this time the market is so volatile that I think there is good reason to watch the patterns on small time frames too.
What I am seeing is that the pump yesterday was the third leg up in the Elliot wave. Now we have seen a complete Elliot wave up. We are therefore in for a correction.
I believe that levels to watch are 3820 for a potential bounce up, then up to old support of 3885, then leg C to 3675.
Trade Safe!
Normally I dont like to watch the lower time frames, but this time the market is so volatile that I think there is good reason to watch the patterns on small time frames too.
What I am seeing is that the pump yesterday was the third leg up in the Elliot wave. Now we have seen a complete Elliot wave up. We are therefore in for a correction.
I believe that levels to watch are 3820 for a potential bounce up, then up to old support of 3885, then leg C to 3675.
Trade Safe!
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.
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.