Hi guys,
I post an update of my previous count :
I find the ABC correction particular. Normally after a 5 wave we see an ABC correction, but on the micro TA i suspect an alternative as the B have gone much higher than expected. This form can indicate a bearish 1-2 of a 5 wave (orange) instead of the expected ABC of a major bullish 1-2 of 5 (green). I will not extrapolate on the result of an eventual confirmation of the orange since we are still early and i need more data.
Still from every point of view, traders should wait the 9k lvl for a good entry point as we forming a double top with no higher highs, expect consolidation at lower lvls.
I post an update of my previous count :
I find the ABC correction particular. Normally after a 5 wave we see an ABC correction, but on the micro TA i suspect an alternative as the B have gone much higher than expected. This form can indicate a bearish 1-2 of a 5 wave (orange) instead of the expected ABC of a major bullish 1-2 of 5 (green). I will not extrapolate on the result of an eventual confirmation of the orange since we are still early and i need more data.
Still from every point of view, traders should wait the 9k lvl for a good entry point as we forming a double top with no higher highs, expect consolidation at lower lvls.
Trade active:
new data :
Comment:
if you still wanna enter :
Trade closed manually:
price climbed too fast for a sustained momentum. check new update