Price has completed a 5 wave structure, making a contracting flat in between. We are also seeing a reaction at the Daily supply zone which seems to be holding thus far. Either the price will reverse at the trendline to continue to the upside or we have a nice break to the downside. Time shall tell. Lets see how this one goes.
Daily 5 wave structure has been completed with the price now making a retracement on the 4 hour to continue to the upside.
We going up! Complete structure forming on the Daily and price is consoliating collecting as much liquidity as possible for the massive move to the upside. Demand zone seems to be holding well, news can finally move the price tommrow. Lets see how it goes
Trend to the downside continues in the lower time frame (4 hour) in addition to further contributing towards more divergence before the initial reversal to the upside so it can continue with the weekly uptrend that seems to be forming a running flat.
Price is either making a smaller correction to then turn and continue with the upside or its going to breakthrough the trendline and keep falling.
We have a sell opportunity for a short term sell for a bigger corrective move to the downside before we start heading back up to continue with the trend on the higher time frame.
Corrective strucure seems to have come to an end with a finale of a stop hunt. Either the price will reverse after the touch of the trendline or a complete upside is expected for the next impulse.
Trend to the upside continues, we have the B wave completing on the 1 hour with a 5 wave correction. Lets see how it goes
A regular flat has formed on 4 hours giving as a complete structure for a sell. Let see how it goes
Continuation to the upside as it bounces off a 4 hour demand zone. lets see how it goes
Continuation towards the upside with a regular flat coming to a completion.
Massive potentional move to the upside on a weekly time frame since a 5 wave corrective structure has been completed, the price is currently reacting from a Daily demand zone providing an opportunity for a potential buy. Lets see how it goes.
Regular flat seems to have been completed on the 4 hour TF
Price has reached a key level on 4 hours and has touched a nice Daily demand zone. 4 hour also has made a regular flat. Expected forecast is for the trend to continue to the upside.
5 wave structure to be completed on the Daily TF. Price has reached a key area. Looking for a buy
The Daily downtrend has been broken which then created an impulsive move towards the upside. The corrective wave seems to be coming to an end at the Daily demand zone as as well as the 4 hour OB. Lets see how it goes.
5 wave structure on the 1 hour is coming to an end for a continuation to the upside since higher time frames are bullish. Price is at a key level