I am really surprised, that we reach my previous goal after FOMS (29 200).
I changed red wave from WXY to ABC, because of assumption, that we have impulse in red ((c)). It is really true? I am not sure, actually.
Red ((C)) is already reach 100% of red ((A)). It is enough. But, move down did not look like something new, so maybe we still in blue wave 4 and we need one more height. Reach 29 500 will be good.
RSI - based on RSI, red ((C)) finished very well, and we have good extremum on RSI for three waves. And this means, that we started move down.... let's watch for this.
My main expectation for now - reach 29 500 and start build impulse to down.
About bullish... Is it possible, that red ABC it is impulse? I don't think so. Very corrective structure, for my opinion.
I changed red wave from WXY to ABC, because of assumption, that we have impulse in red ((c)). It is really true? I am not sure, actually.
Red ((C)) is already reach 100% of red ((A)). It is enough. But, move down did not look like something new, so maybe we still in blue wave 4 and we need one more height. Reach 29 500 will be good.
RSI - based on RSI, red ((C)) finished very well, and we have good extremum on RSI for three waves. And this means, that we started move down.... let's watch for this.
My main expectation for now - reach 29 500 and start build impulse to down.
About bullish... Is it possible, that red ABC it is impulse? I don't think so. Very corrective structure, for my opinion.
Trade closed manually
Formed correction form to down, fixed profit.Related publications
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Related publications
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.