It seems that we are in the midst of making a big channel here,
1- Except for the weekly trend lines,
2- The 38.2% extension of the previous up move and
3- The possible 3rd wave completion of a 5 wave up move
Suggest that we would start a down move, likely in a corrective fashion, soon.
So we are watching it to see how this very early forecast would play out.
Sorry for the messy chart, had to consider everything π
Happy Trading, Stay Green! βοΈ
βββββββββββββ
π¬ Please let me know your view about the idea
π Check out the "Related ideas..." in the links below too
βββββββββββββ
1- Except for the weekly trend lines,
2- The 38.2% extension of the previous up move and
3- The possible 3rd wave completion of a 5 wave up move
Suggest that we would start a down move, likely in a corrective fashion, soon.
So we are watching it to see how this very early forecast would play out.
Sorry for the messy chart, had to consider everything π
Happy Trading, Stay Green! βοΈ
βββββββββββββ
π¬ Please let me know your view about the idea
π Check out the "Related ideas..." in the links below too
βββββββββββββ