Gap closed and new impulse started, should stop at 7.45 or 8 and then fall in 5 waves to 5.45 to finish this flat correction. Then a new upwards cycle should start
Note
Wave B finished, made a flat correction, wave C starting today. It should close todays gap or at least partially, around 7$, that will be the best moment to open a short position, 5.45 will be the first target but it can still go further down.Note
Looks like wave B was actually a triangle and wave C started yesterday. I don't like very much the island reversal made at D, that gap should be closed soon. 5.45 target still valid. Trade closed manually
definitely something else is going on here and my analysis is worng.
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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.