Hello traders!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Vix at support with bullish divergence
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
According to price action, we will update below.
Happy trading!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Vix at support with bullish divergence
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
According to price action, we will update below.
Happy trading!
Note
microcount
Note
Note
Note
going for wave C: targets on chart, stop loss on entry
Trade active
updated count
Note
another leg down may be needed before wave 5
Note
wave iii of (c) in the making, target yellow box
Note
c wave almost finishing, falling below the yellow box will increase odds in favour of bearish count
Note
looking to this ending structure
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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.