Hello Traders,
my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target.
If so to come, at this point we can check out for a reversal at the chart! But; step after step!
I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x!
Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range.
A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside!
Traders who favouring the upside can trade above 23426 for more bullish potential.
As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target.
If so to come, at this point we can check out for a reversal at the chart! But; step after step!
I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x!
Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range.
A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside!
Traders who favouring the upside can trade above 23426 for more bullish potential.
As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
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.