Hello traders!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Vix at support with bullish divergence
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
According to price action, we will update below.
Happy trading!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
Happy trading!
تعليق:
microcount
تعليق:
تعليق:
تعليق:
going for wave C: targets on chart, stop loss on entry
تم فتح الصفقة:
updated count
تعليق:
another leg down may be needed before wave 5
تعليق:
wave iii of (c) in the making, target yellow box
تعليق:
c wave almost finishing, falling below the yellow box will increase odds in favour of bearish count
تعليق:
looking to this ending structure