I am posting this chart in order to show you how easily you can take profit of the market if you keep the analysis simple.
You don' t need many indicators that could make you confused.
In other words KEEP YOUR CHARTS CLEAN.
Then you would be able to understand in depth what you cant see in a messy chart.
As you can see, first we have a strong bearish move.
So...
The price seems ready to complete a bullish 5-wave move before move together with the bearish weekly trend.
Wave 5 seems to be a strong resistance area.
The price is seems to retracing after a strong uptrend. In this chart i present you a possible "reverse head-shoulders" formation, with many chances of profit if it is comfirmed. Please like is you find it usefull for your trading strategy. Thank you very much.
