Hi Guy,
There is a Bull flag is forming on the 1-hour chart which means it's going to break out soon. But Volume is my main concern right now because the volume is not confirming it. So There are 2 scenarios right now in my mind if it does not go below 7670-7680, it will possibly heading towards 7900 level for the 5th wave. The second scenario is that it has already completed the 5 waves in which the 5th wave was the truncated wave and now heading towards the 7500-7500 level for the retracement.
These are just my thoughts, not a financial advice.
There is a Bull flag is forming on the 1-hour chart which means it's going to break out soon. But Volume is my main concern right now because the volume is not confirming it. So There are 2 scenarios right now in my mind if it does not go below 7670-7680, it will possibly heading towards 7900 level for the 5th wave. The second scenario is that it has already completed the 5 waves in which the 5th wave was the truncated wave and now heading towards the 7500-7500 level for the retracement.
These are just my thoughts, not a financial advice.
Nota
So it was the second scenario truncated 5th wave. Anyway Just missed the target with 4-5 USD.
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.