Guiding Fundametals - US new and existing home sales have proven to be weak this week.
TA
1 - Elliot waves 1-5 are now complete
2. The blue upward trendline is broken - Wave 5 broken the blue upward trendline. A rally off 23.6% fib support [also a confluence area as the 100 EMA is here] couldn't quite get back to the last daily swing high
3. Price is now completing wave A
Enter now to the next support zone and wait for the retracement at Wave B before selling. Or simply enter your sell from wave B
TA
1 - Elliot waves 1-5 are now complete
2. The blue upward trendline is broken - Wave 5 broken the blue upward trendline. A rally off 23.6% fib support [also a confluence area as the 100 EMA is here] couldn't quite get back to the last daily swing high
3. Price is now completing wave A
Enter now to the next support zone and wait for the retracement at Wave B before selling. Or simply enter your sell from wave B
Trade active
Trade closed: stop reached
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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.