Scenario 1.
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.
Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down
We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB
Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)
Weekly & Monthly charts below
We are in wave 5 and we will continue this downtrend back down to the $800 region possibly lower.
Scenario 2.
We are actually in a ABC correction of wave 4 and we will push higher to the low-mid
$2000 region before seeing the further move down
We can play both sides and hedge by looking for opportunities to go long on the LTF's, but for now i am only
looking for sells from the Daily Supply OB
Keep an open mind when trading, don't get stuck to one bias.... TRADE WHAT YOU SEE :)
Weekly & Monthly charts below
Note
Daily - Zoomed outNote
WeeklyNote
Monthly
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.