Leaning to the downside with this one now especially after breaking down from the wedge.
Game Plan: if we open down tomorrow, I think it can hang up around 272, and if this happens, I will look at a retrace back up to supply around 278. It’s here where I think can provide a lot of confirmation bias. IF this happens and price rejects this supply, I think we will start a wave 3 down (white “iii”). If it breaks through supply, I’ll have to watch price if it approaches my invalidation level and how it reacts. I will look to enter a short if supply rejects and we print a lower high.
I think if this 5 wave projection plays out, we are going to revisit 240. I’m leaning towards this probability and any short entry I make possibly tomorrow will reflect for this price target.
Game Plan: if we open down tomorrow, I think it can hang up around 272, and if this happens, I will look at a retrace back up to supply around 278. It’s here where I think can provide a lot of confirmation bias. IF this happens and price rejects this supply, I think we will start a wave 3 down (white “iii”). If it breaks through supply, I’ll have to watch price if it approaches my invalidation level and how it reacts. I will look to enter a short if supply rejects and we print a lower high.
I think if this 5 wave projection plays out, we are going to revisit 240. I’m leaning towards this probability and any short entry I make possibly tomorrow will reflect for this price target.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.