Road to 5k: Last down-trend impulsive wave.
Updated
Hello.
This is our Last 5 wave downtrend structure. No, it wasn't an ABC after a turncated 5th wave. Instead, ABC started 6 February and completed a with turncated C. Now we are started 3th wave of 3.th bigger wave which forms our last 5th wave structure. Analysis is vague, one thing i'm sure and you would be when dip comes. Volatility will be gone, volume will be on the ground and it's going to be very quiet down there. That way, you will understand we are in the BUY zone, also called, "giving up" "despair" zone.
Remember the frog, don't fall into bull trap and short.
This is our Last 5 wave downtrend structure. No, it wasn't an ABC after a turncated 5th wave. Instead, ABC started 6 February and completed a with turncated C. Now we are started 3th wave of 3.th bigger wave which forms our last 5th wave structure. Analysis is vague, one thing i'm sure and you would be when dip comes. Volatility will be gone, volume will be on the ground and it's going to be very quiet down there. That way, you will understand we are in the BUY zone, also called, "giving up" "despair" zone.
Remember the frog, don't fall into bull trap and short.
Trade active
This still represents a viable target, only the dead cat bounce change the road to 5k, nothing bullish whatsoever.First target 8.700k. And then retrace to 8.1k.
Then Last wave would be an Short E to 8.4 and then continuous downtrend. to next fib level, which is speculatively between 6.1 and 6.5k
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