A good buy is developing on the chart.. go for it.
Looks good with an EO if you are a convervative trader and if you are a professional, a good move down is a possibility to take a trade for UP from further down as indicated by the pink arrow.
Let us see how things unfold..
As per my wave analysis, there seems to be a nice set up for almost 200+ points for UP side.
Do not miss it.
However, please note that it has two options from here, either it will follow anyone of the two options on the chart as per coloured arrows or it will do completely different as they most often do! You are in a professional circuit remember and not...
Nice sell opportunity for intraday developing..
Two possible options as per chart possible. Prices can go down to as low as 750-754 levels - then a good long term buy is good as below.
Please note that medium term and long term, it is a good buy. So if you are looking for another 30-40 days - then a good buy is developing.
As per my wave analysis, there are two options from here..
Option 1 : It will fall from here.. as per blue arrow..
Option 2 : It can go for one more UP and then fall.
I prefer the first option, but then anything can happen in market conditions as you know.
Put a buy on EO blue line and take the ride up, for atleast 80-100 points.
If it is a reversal, then it is a 1H reveral bottom that we have caught, then we can take a good ride up on Daily TF all the way to the previous high.
If it does not go well, and crawls.. then put your SL tight as you go up as it can go down and touch the bottom again.
Take every buy from here, mind you, it can go down one more time and then go up..
But take EVERY REVERSAL for BUY FROM HERE, it is a good ride up from 90 to 250 ++
Take it and leave it for long term.. you will more than double your money.