HI guys,
Since indicator are such in an aberration state taht they are not really reliable.. From a wave analysis it seems that we are in a zigzag 3 but i dont exclude a 5 wave pattern. what we need to identify is probable landing point. I will add a lot of detail in the hours and days to come. I post to you this blueprint and will work from that.
I had previously highlight a major imminent bearish crossover on the 1W MACD
I can state that we are in a bearish trend that why I project further down in price
Since indicator are such in an aberration state taht they are not really reliable.. From a wave analysis it seems that we are in a zigzag 3 but i dont exclude a 5 wave pattern. what we need to identify is probable landing point. I will add a lot of detail in the hours and days to come. I post to you this blueprint and will work from that.
I had previously highlight a major imminent bearish crossover on the 1W MACD
I can state that we are in a bearish trend that why I project further down in price
Trade active:
2 scenarios. set stop loss, watching potential bearish crossover on the 4H
Comment:
On its way guys
Trade closed: target reached:
1rst target reached
Trade closed: target reached:
i sold my stack and prefer to watch on the side
Movement in the direction of the trend is unfolding in 5 waves while any correction against the trend is in three waves. We can see the rise in price move in a 3 waves pattern and it seems that the down in price moves in 5. so the trend is bearish.
So i think its too early to call th end of the bearish trend and to maintain the projected target point :