Hello everybody.
Having examined in detail the wave structure from the beginning of the decline, I conclude that an increase from March 23 of + 30% , is only a correction of the decline impulse.
This correction I marked by the fourth wave, which is most likely already formed. From 24000-24400 I expect a continuation falling in the fifth wave, with the aim of updating a minimum of thirds wave.
However, after fall to the area of 17000-18000, probably the first phase of the crisis will be end, and the markets will begin to recover.
Good luck!
Having examined in detail the wave structure from the beginning of the decline, I conclude that an increase from March 23 of + 30% , is only a correction of the decline impulse.
This correction I marked by the fourth wave, which is most likely already formed. From 24000-24400 I expect a continuation falling in the fifth wave, with the aim of updating a minimum of thirds wave.
However, after fall to the area of 17000-18000, probably the first phase of the crisis will be end, and the markets will begin to recover.
Good luck!
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#Update
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.