Prefer View: Expecting bounce in price this week before going lower for last leg of wave 5 Alt View: Wave E of triangle (weekly TF) completed, trend reversal begin. breaking 2348 level in rising 5 wave structure will support the idea of trend reversal.
Assalamualaikum & Hi Traders! Key level = 75.27 We are tracking a recognizable setup of wave 3 on crude oil. Bounce in price for wave (2) is already at 50% fibonacci level compare to wave (1) (declining impulsive movement from 75.27). Breaking 67.80 will give us indication that wave (2) is already in place. As for now, my personal view is bias to the downside...
BLUE = REGULAR FLAT / EXPENDED FLAT / IRREGULAR FLAT Beware of bear trap if expended/irregular flat in action. RED = TRIANGLE GREEN = TREND REVERSAL Happy Trading!
Assalamualaikum and Hi Traders! For FCPO, i still waiting for a clear signal/ bearish setup to support my idea that wave 5 is started. Lets wait and see what the market has to offer us. Happy trading!
Key Level = 109.199 Key level must hold for preferred count.
FCPO 11.07.2018 Preferred Count: Continue bearish after retracement 1. Lower to complete wave 5. 2. Interesting level around 2300 area for pull back projection. 3. Key level = 2348 must hold for this preferred count. Alternate Count: Wave 5 of C of E completed and bottomed. 1. Wave 5 of C of E (refer to daily chart) has completed as the chart is telling us, we...
Key level = 2348 Key level must hold for this bearish idea
Key level = 2348.00 For this idea, key level will be the invalidation level. There area still possibility that wave 4 still not completed its cycle and expect another top created.
Waiting for wave 4 to complete, looking for bearish setup.
we can see a clear 5 wave structure rising up in impulsive characteristics from 63.57 giving us an idea that probably wave C of 2 is coming to an end soon. Still waiting for a clear evident from market showing wave to has topping. Key level = 72.88 must hold for this counting to remain valid.
Preferred view: Target area for wave 4 cycle completion will be around 2300 - 2320. Alternate view: Trading below 2275 will give a good indication that wave 4 is already in place. Let the market decide. Happy trading guys!
This counting still valid. Lower to complete wave 5 Target area for wave 5 = 1.30000
waiting for opportunity to short with wave 5
Key level = 72.88 must hold for this wave analysis