Hi guys,
before i leave for few days here are my mid term idea.
Some elements are here to indicate that we might see a stablisation of the price. Maybe a little gain. A WXY double three. Micro count 1H :
On a more broad scale. The 4 hour still indicate a recovery (green circle) but is still in the negative spectrum zone (red square). 4H is the most interesting, i dont exclude a re-test near 268 for a fifth but i wouldnt be surprise that we test higher resistance instead. there is a chance that we might see price on a longer term going lower to 220. In that case it would be a triple three and not a double three. AS you can see 1D MACD is not fully converging toward the signal but the histogram show early signs of recovery on a more macro scale.
learn more on double three and triple three : elliottwave-forecast.com/elliott-wave-theory/
before i leave for few days here are my mid term idea.
Some elements are here to indicate that we might see a stablisation of the price. Maybe a little gain. A WXY double three. Micro count 1H :
On a more broad scale. The 4 hour still indicate a recovery (green circle) but is still in the negative spectrum zone (red square). 4H is the most interesting, i dont exclude a re-test near 268 for a fifth but i wouldnt be surprise that we test higher resistance instead. there is a chance that we might see price on a longer term going lower to 220. In that case it would be a triple three and not a double three. AS you can see 1D MACD is not fully converging toward the signal but the histogram show early signs of recovery on a more macro scale.
learn more on double three and triple three : elliottwave-forecast.com/elliott-wave-theory/
Trade active
First target reached with little pullbackTrade closed: target reached
225 reached
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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.