Colleagues, at the moment we see a situation where it is difficult to determine the end of the movement. Wave “C” is not completed and I believe that we should expect the continuation of the downward movement. I do not set distant targets, so I expect the price to reach the area of 64.00.
A correction to the area of 67.884 shift is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
A correction to the area of 67.884 shift is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
I believe that the price is still in a small flat and the scenario is unlikely to materialize until the end of the week, but we will be able to see the market mood for sure. So I expect the price to rise a bit before falling.
Trade active
Colleagues, the price reached the 67.884 area and we saw the price reaction. At the moment I expect the price to continue falling towards the target areas!Note
I continue to expect a downward movement. The price is in a small sideways movement and I believe that the level of 65.358 will be updated.Note
I see the price forming the ending diagonal. This means that we have an opportunity to profitably enter a short position again. I believe that the targets remain the same.Note
For now, with no changes, I expect the downward movement to be completed. Note
Over the weekend I was reviewing the waves and thought that there is a good chance that wave “C” is already complete at 65.242 and it is quite possible that we are dealing with a combined correction. If you have locked in profits in the 65 level area, I do not recommend high risk short positions for now.
It is unknown how the price will behave now.
Trade closed: target reached
Colleagues, the calculation is as follows: the price will reach the level of 66-65, after which I will close positions or transfer them to breakeven. There is a high probability of the upward movement continuation.
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✅ Free TELEGRAM channel: t.me/HellenaSignals
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Related publications
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.