Guys I've drawn a BEAR case yesterday but as long as we remain in the channel I'm BULLISH
What can we see on this illustration:
1) WAVE A or WAVE 1 with an irregular FLAT correction.
2) assuming 1) tells us that we are in a C wave
3) 61.8% is at 57.3k which is a key level
4) Any LONG ENTRY would need a SL not above 56.4k or just below of the Sub-Wave 1 level
Be careful guys as this C wave could also be a Wave 1 of my BEAR case for the 5th wave.
What can we see on this illustration:
1) WAVE A or WAVE 1 with an irregular FLAT correction.
2) assuming 1) tells us that we are in a C wave
3) 61.8% is at 57.3k which is a key level
4) Any LONG ENTRY would need a SL not above 56.4k or just below of the Sub-Wave 1 level
Be careful guys as this C wave could also be a Wave 1 of my BEAR case for the 5th wave.
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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.