I made a wrong count before this, I had assumed that this could probably a triangle, Which has already been invalidated. This is the other count that probably make sense, IF we are still in a correction before NASDAQ continue further plunges down deeper to the abyss of hell (around 11K - 10Kish probably) It cannot Break the 12755ish, Becoz if it did plunges...
Im not willing to take a short just yet, unless it finally dip below the box. I add a long position becoz looking at the structure now, PLAN B would be much more probable at this point. But it would be wise to wait for a proper bullish structure in lower timeframe before making a decision. I would add more long positions ONLY and only if i see a proper bullish...
Need i say more ? Find a strat to enter a short position, i already did, I dunno how far it will go, but its gonna be plenty. My worst case scenario, the trendline in weekly timeframe
I see a potential B Triangle, Wait for the break of the Trendline, Short Accordingly Take Profit accordingly also, 1. The bottom triangle, 2. Box 3. Double bottom on higher time frame Its not proven until the break of Trendline, Patience needed
Possible Entry Zone for EURUSD The 5 Wave impulse shows us the sentiment of the current market, Possible Mid Term Bullishness I am looking for long anywhere near that box Keep in mind there is a possibilities of complex correction
I feel like i miss counted this impulse, not totally confident, I manage to scalp some long positions, but the counts a bit off at this point, If it actually make a minor correction in any shape or form, I would add a sizeable long positions, Need to see market open and how it goes.
I am currently really bullish on Gold, But i also found another count that could get us back to 1760 - 1720 Area, Further confirmation needed. At the very least, i need to see a Corrective Structure in this area before making any decisions. No Corrective, No Go. Next Plan, Next Trade.
If It goes upside Possible Making C, (Head N Shoulder in the making in higher timeframes) If it goes downside = 3rd wave in the making and will continue to finish up C Wave to the downside
First we are looking to finish this Cipher Pattern which will be completed around 1.41700 - 14200 range. Which gives a reversal signal to enter Short, where it will go ? Most likely around 1.38100 - 1.37800 Range. Why ? www.tradingview.com The Completion of the Bat Pattern. From there it would go up to around 1.44400 - 1.4500 Range. Why ? ...
There is 2 possibilites where GBPUSD is going. The Black One is Bat Pattern. If it goes there the next target would be the Butterfly Point D. BUT ! if it goes to finish the butterfly pattern first, therefore the Bat Pattern is Invalid and should not be used.