MM: never let them know your next move
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Since last spike high and from last low i’ve used EWT. Thus, indicated followings;
1. We are in wave 3 up to last year high, in progress towards making A,B,C wave, wave 3 of 1 of C targeting but lower 1661 or so. Then bulls expected to be step up to take price back to last week high, which many short liquidations are showing. If this bullish wave up is playing we expect to see 4K by end of this year or Beginning of next year but EWT does not drag to time.
2. Since last low to recent high we would count this as wave b of 2 downside completing wave c short term bear market or we still in bear market, this will really show up upcoming Fed announcement. either we go down take out long liquidation from 1400-1500 to complete. if we expect the bears come up this will get ugly for many retail traders, goes for me too. But we have now completed wave 1 of 3 downside we would expect last week short liquidity taken out by up coming week or so, to make wave 2 corrective wave in form of ABC or just big spike up during Fed.
1. We are in wave 3 up to last year high, in progress towards making A,B,C wave, wave 3 of 1 of C targeting but lower 1661 or so. Then bulls expected to be step up to take price back to last week high, which many short liquidations are showing. If this bullish wave up is playing we expect to see 4K by end of this year or Beginning of next year but EWT does not drag to time.
2. Since last low to recent high we would count this as wave b of 2 downside completing wave c short term bear market or we still in bear market, this will really show up upcoming Fed announcement. either we go down take out long liquidation from 1400-1500 to complete. if we expect the bears come up this will get ugly for many retail traders, goes for me too. But we have now completed wave 1 of 3 downside we would expect last week short liquidity taken out by up coming week or so, to make wave 2 corrective wave in form of ABC or just big spike up during Fed.
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we have reached 50% fib level where i would expect it hold.تعليق
تعليق
Long here with proper risk management 
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