Long
Are we approaching a bottom ?
The price movements since July 2015 look corrective to me. So my preferred count is shown in the chart. I personally think the yellow area could be the potential end of correction. There might be a great opportunity with tight stops but need to see the price action first. Watch it closely.
Btw, if I am right, the bottom should be in within March 2017.
Btw, if I am right, the bottom should be in within March 2017.
Note
We are in the area now. Watch for price action.Trade active
Built a small position today. Anticipate the first five wave up coming soon.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.