Hello traders,
The bigger WXYXZ structure looks to be complete and we have no evidence that suggests it isn’t. Therefore, at this point I am more inclined to say that the possibility of a reversal or a bigger correction at least is more likely than one more low coming.
However if you want to buy this you need to be careful that it does not just retrace a few dollars and then fall to make a new low again.
Look for a solid impulse to the yellow trend line, then watch for a correction and look for your entries on lower time frames.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
The bigger WXYXZ structure looks to be complete and we have no evidence that suggests it isn’t. Therefore, at this point I am more inclined to say that the possibility of a reversal or a bigger correction at least is more likely than one more low coming.
However if you want to buy this you need to be careful that it does not just retrace a few dollars and then fall to make a new low again.
Look for a solid impulse to the yellow trend line, then watch for a correction and look for your entries on lower time frames.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
