Here we are tracking the final stages of an impulsive wave. The market is starting to run out of steam and here I am looking to fade the highs at 6200.
From a technical viewpoint, the market is putting in a 5 wave sequence from the December 2018 lows. We are currently in the final stages of the 3rd wave, meaning that we can expect an ABC corrective pattern to follow. The targets in this ABC pattern come in to play at 5750, 5600 and 5400. I will actively look to build longs once again at those levels.
Best of luck all those positioning for the -10% correction in the sequence.
From a technical viewpoint, the market is putting in a 5 wave sequence from the December 2018 lows. We are currently in the final stages of the 3rd wave, meaning that we can expect an ABC corrective pattern to follow. The targets in this ABC pattern come in to play at 5750, 5600 and 5400. I will actively look to build longs once again at those levels.
Best of luck all those positioning for the -10% correction in the sequence.
Dagangan aktif
LMT offers filled... Nota
Eyes on BTC losing 6200 ... Nota
We lost 6200 as expected:Dagangan ditutup: hentian tercapai
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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.