Mega-short ahead
On a weekly chart the price made a new high against Oct 2018
I assume a large WXYXZ is maturing
On the H4 chart you will see the perfect WXY that is going to complete itself with the termination of the local ending diagonal
Overall, this is the end of the 2,5 year correction. Assuming the market is 30% in trending moves as opposed to 70% being in corrective mode, I would expect a strong impulse down that would last until the end of the year 2019.
I assume a large WXYXZ is maturing
On the H4 chart you will see the perfect WXY that is going to complete itself with the termination of the local ending diagonal
Overall, this is the end of the 2,5 year correction. Assuming the market is 30% in trending moves as opposed to 70% being in corrective mode, I would expect a strong impulse down that would last until the end of the year 2019.
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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.