Overview: in the update of yesterday, the expectation was that we have completed wave 1 of c of (III) and need a pullback as wave 2.
Update: the pullback in the so-called wave 2 continued for a short time and range afterwards and the price action made a lower low then. Now, based on the structure that I see, I think we are still in wave b of (III) developing as a triangle. As I mentioned before, this is a volatile market that we need to move day by day and adjust our expectations accordingly.
Note: what about the count of yesterday? is it still valid, that we are in the very early stages of wave 3 of c of (III) at the moment? yes, it is and it can actually play out, but I don't expect that much of huge bearishness yet! we may need some more time retesting the weekly 200sma.
Update: the pullback in the so-called wave 2 continued for a short time and range afterwards and the price action made a lower low then. Now, based on the structure that I see, I think we are still in wave b of (III) developing as a triangle. As I mentioned before, this is a volatile market that we need to move day by day and adjust our expectations accordingly.
Note: what about the count of yesterday? is it still valid, that we are in the very early stages of wave 3 of c of (III) at the moment? yes, it is and it can actually play out, but I don't expect that much of huge bearishness yet! we may need some more time retesting the weekly 200sma.
Заметка
If we break the 3571 zone decisively, then the alternative count (published yesterday, we are in wave 3 of c of (III)) becomes the main count.
Похожие публикации
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.
Похожие публикации
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.