1). SELL @ 6148.71 with a tight stop! 2). Wave 5 is likely over! 3). 3). Sentiment is "BEARISH"! 4). Volume has petered out! 5). Banks bought positions up to 6150, and now they're selling!!
Trade active
Note
It's checking all the boxes for a "SHORT" @ 6150!Note
Wave one characteristics gives us a lot of information on what to expect next!Note
Wave 1 is typically where huge volume is, then it plays-out into a 5-wave sequence!Note
Also, a 200% fib level off of wave one is often a very maxed price level, which can be overbought and due for a reversal!Note
Please contact us for further coaching etc. :-)
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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.