Good Short Opportunity
From Elliott's point of view, as It's clear, we are at the end of wave 4 and the beginning of wave 5.
From the classical point of view, after forming the ascending wedge and nice pullback , we'll see 26600$ again soon in the first step .
In our opinion, 26600 $ is unlikely to act as a strong support. Rather, we believe that the number 22,500 $ will be seen and It's a good price for a short term buying.
short position :
Entry point : 30400 $ - 30600 $
TP 1 : 28700 $
TP 2 : 26700 $
TP 3: 22700 $
STOP LOSS : 31850 $
From the classical point of view, after forming the ascending wedge and nice pullback , we'll see 26600$ again soon in the first step .
In our opinion, 26600 $ is unlikely to act as a strong support. Rather, we believe that the number 22,500 $ will be seen and It's a good price for a short term buying.
short position :
Entry point : 30400 $ - 30600 $
TP 1 : 28700 $
TP 2 : 26700 $
TP 3: 22700 $
STOP LOSS : 31850 $
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