The chart shows everything, let me summarize:
- Based on valid Elliot Wave count, it is now in the end of wave 5 of c of the B correction, heading to start a new wave C to the downside
- The upward movement of the B (RIGHT NOW) lies exactly in the 61.8% Fibo from the A
- It is now on the trendline!! Some see it holds perfectly as some see it is slightly broken (but no volume on it, don't worry!!)
- (see the yellow area) it is an area that is strong buyer and ESPECIALLY strong seller meet. Most of the time price respects this area called supply/ demand area
- An as addition, the MACD showing weakness of the trend by its BEARISH DIVERGENCE
SO I AM WAITING NO MORE, I SHORT!!!
Let's, go....
CHEEERRRSSSS...!!!
- Based on valid Elliot Wave count, it is now in the end of wave 5 of c of the B correction, heading to start a new wave C to the downside
- The upward movement of the B (RIGHT NOW) lies exactly in the 61.8% Fibo from the A
- It is now on the trendline!! Some see it holds perfectly as some see it is slightly broken (but no volume on it, don't worry!!)
- (see the yellow area) it is an area that is strong buyer and ESPECIALLY strong seller meet. Most of the time price respects this area called supply/ demand area
- An as addition, the MACD showing weakness of the trend by its BEARISH DIVERGENCE
SO I AM WAITING NO MORE, I SHORT!!!
Let's, go....
CHEEERRRSSSS...!!!
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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.