Short first, then long. Seems like a stable trend.
If this 3 drives does not go lower than the previous drive's low, a breakout upwards is likely. Else, we'll have a chance to witness something rather boring.
Short opened at previous drive's last run up.
Can be a possibility of an elliot consolidation.
If that happens, we'll see a bear till 100-105 before an impulse bull.
If this 3 drives does not go lower than the previous drive's low, a breakout upwards is likely. Else, we'll have a chance to witness something rather boring.
Short opened at previous drive's last run up.
Can be a possibility of an elliot consolidation.
If that happens, we'll see a bear till 100-105 before an impulse bull.
Note
Gonna wait for a year before i see anything.Note
Update: On trackNote
3/4 of short closed, waiting for the next flag to take further action.Note
This YOY chart may have been a reversal after all.
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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.