Levels stated for validation 6090 and invalidation 6800
support :
ABCDE :
volume declining
points A - C hit
points 0 - B - D hit
E overshoots
sell offs are more violent than bull PA supporting trend direction
X primary WXY subwave structure is supported with structure and RSI
second chart is older but shows prior subwave count
W subwave ABC structure of X primary passes fib check
Volatility is looming and we want to be prepared for PA no matter which direction we head, with that said I do lean bearish for the reasons listed above. I have one bullish outlook that i have tucked just in case levels are invalidated BULLISHLY .
support :
ABCDE :
volume declining
points A - C hit
points 0 - B - D hit
E overshoots
sell offs are more violent than bull PA supporting trend direction
X primary WXY subwave structure is supported with structure and RSI
second chart is older but shows prior subwave count
W subwave ABC structure of X primary passes fib check
Volatility is looming and we want to be prepared for PA no matter which direction we head, with that said I do lean bearish for the reasons listed above. I have one bullish outlook that i have tucked just in case levels are invalidated BULLISHLY .
Note
UPDATED AS some things look to have changed but slightly
Note
wrong chart
Trade closed: target reached
Break down accomplished Y leg landing zone of 3.4k was surpassed by 200
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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.
Have a plan. Trade it!
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.