CURRENT STRUCTURE:WXY DOUBLE CORRECTION
CURRENT LEG:WAVE Y SUB WAVE C COMMENCEMENT
WAVE Y TYPE:EXPANDED FLAT
TARGET ZONE PRICE FOR WAVE C OF EXPANDED FLAT : 290-280
MACD NEGATIVE CROSS-OVER SUGGESTING DOWNWARD MOVEMENT IN NEAR FUTURE.
AVOID LONG TILL PRICE HIT'S 290-280 PRICE ZONE.SHORTING IS NOT ADVISABLE AS RISK-REWARD IS NOT FAVORABLE. ALSO IF CONSIDERED THIS ENTIRE DOUBLE CORRECTION TO BE A WAVE 4, THEN WAVE 5 UPSIDE IS STILL REMAINING, HENCE GETTING LONG IS ADVISABLE ONCE PRICE REACHES 290-280 ZONE.
CURRENT LEG:WAVE Y SUB WAVE C COMMENCEMENT
WAVE Y TYPE:EXPANDED FLAT
TARGET ZONE PRICE FOR WAVE C OF EXPANDED FLAT : 290-280
MACD NEGATIVE CROSS-OVER SUGGESTING DOWNWARD MOVEMENT IN NEAR FUTURE.
AVOID LONG TILL PRICE HIT'S 290-280 PRICE ZONE.SHORTING IS NOT ADVISABLE AS RISK-REWARD IS NOT FAVORABLE. ALSO IF CONSIDERED THIS ENTIRE DOUBLE CORRECTION TO BE A WAVE 4, THEN WAVE 5 UPSIDE IS STILL REMAINING, HENCE GETTING LONG IS ADVISABLE ONCE PRICE REACHES 290-280 ZONE.