Looks like the Ending Diagonal pattern is complete and the market is set for a sharp fall to 3664 level, even if the pattern is continuing the trend remains to the downside for positional traders.
Note
1H : Fast down move just as expected, shorts must hold position for more downside by trailing their SL in profits : Trade closed: target reached
1H : Picture perfect : Precisely reversing from the mentioned target level : Note
More downside can be seen, however for that we will wait for the next opportunity to show up.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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.