Dear colleagues, I suppose that the upward movement is not over yet! The price is forming Multiple Zigzag. I expect the price to reach the support area at 79.00, having finished wave X, after which I expect the upward movement to continue at least to the resistance area - the maximum of wave C at 83.00. I do not recommend entering short positions! We are looking for a good entry into a long position.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
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At the moment, price has started an upward movement, but it can be deceptive. Colleagues, do not forget to set trades to breakeven or close part of positions, because there is a possibility that the price will still reach the support area or the uptrend line.
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The price almost reached the target, but we are seeing a correction. I will not write a new idea, because I suppose that the price will reach the target. I assume that the price will touch the ascending trend line. I suppose that the price will give us a better chance to go long.
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Colleagues, price is in the forecast range and I suspect it is in the uncertainty zone. We need to watch carefully what happens at 81.68. It is about halfway to the target and a reversal is possible.
@loser1993, let's see what happens next) it's a pretty interesting period now, when you kind of want to go short, but the main direction is long positions. It's hard to find an entry point)
@g_counter, I see your point. In fact, the price was at a pretty strong support level. That's the difficulty in calculating corrections. Corrections are often difficult. I'm more into impulsive market movements)