Everything seems to be going as planned and predicted.
the triangle is broken and we are in wave 5.
I personally don't think it can break the 12.5k level for couple of reasons
1- it is a fibo level
2- it is a resitance level
From the RSI and detrended price oscillator ( DPO ) point of view we are close to an important resistance level:
I might not short it but I will close my position on that level for sure and wait for a pullback.
I don't think RSI and DPO can break the resistance level as we are already close to oversold area
I will keep you update under this post for the whole next week :)
the triangle is broken and we are in wave 5.
I personally don't think it can break the 12.5k level for couple of reasons
1- it is a fibo level
2- it is a resitance level
From the RSI and detrended price oscillator ( DPO ) point of view we are close to an important resistance level:
I might not short it but I will close my position on that level for sure and wait for a pullback.
I don't think RSI and DPO can break the resistance level as we are already close to oversold area
I will keep you update under this post for the whole next week :)
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I updated the wave count
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the previous chart was 5min one
this is the 30 min chart and the expect target of wave 5
this is the 30 min chart and the expect target of wave 5
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Went exactly as predicted :)
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I am expecting this wave count to happen.
we are on wave A of the bigger correction
we are on wave A of the bigger correction
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wave C was much smaller than what I tought
this is the road map
this is the road map
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I add double scenarios on the chart,
these 2 option can happen and I have added the count for each one
Blue: the correction is over and we are in wave 5
Yellow: the correction is not over yet
these 2 option can happen and I have added the count for each one
Blue: the correction is over and we are in wave 5
Yellow: the correction is not over yet
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complete correction wave count
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the assumption of 5 was is invalidated now because we hot wave 1:
so it an abC.
the possible wave count :
so it an abC.
the possible wave count :
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the 5min chart
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this is the 30 min chart
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this is the 30min chart
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I just realised I missed one wave :D. the uptrend is over now
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we hit the invalidation level for down trend
we will be still in correction
still bearish but we are in the correction
we will be still in correction
still bearish but we are in the correction
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possible scenario ?
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I am short
Сделка закрыта: достигнута тейк-профит цена:
Job done :)
see you next week
see you next week
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Сделка закрыта: достигнута тейк-профит цена