black_hawk

black_hawk

There is a three-wave correction. We are in wave A, as it can be seen five-wave movement. Wave A5 can finish in zone of strong resistance 5000-6000. Going to this zone will also serve as a confirmation of the five-wave movement of wave A. For wave C, the strong resistance zone will be 2000-6000. More accurate figures will be seen in the course of the wave motion.

black_hawk

We are in wave A5 from a global view. It has a five-wave structure. Now there is the fourth corrective wave. At the end of the large movement, most of the market participants are in short positions, because of this, the fourth wave was delayed and now forms either a flag or a pennant/triangle to set the desired position. We consider the opening of a short position...