My Bullish Scenario

By Rachel_T
Updated
Alternative to yesterdays bearish scenario, watching for the bounce off 200ma 4h which we got, so now watching for invalidation of bullish run. If we drop below 7450 i will revert to yesterdays bearish chart to watch for validation/invalidations at each wave point
Trade active
Well that played out perfectly, got my short filled at 13.6k and now waiting for a dramatic drop out of the apex of this descending triangle at the top of this "B" Wave

My buyback zone is $163-$1185 in May/June 2020
Elliott WaveFibonacciMoving Averages

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