In a recent OTHERS publish I made, I explained that there is a possibility that a 3rd major wave down has not formed yet. Clues are starting to appear that demonstrate that this could be the case.
Potential Clue: Newly formed candle developed underneath the SUPPLY LINE.
I do expect to see a small time frame 5 minor waves down until we see the bottom of this potential large time frame 3 wave correction.
I have suggested 2 areas of possible support, but this is only a suggestion, as MM's are really having a ball this cycle.
DIPS are showing up everywhere, I feel like a kid at the candy store. But always remember to trade with caution, not off emotion. Good luck traders!
-Not Financial Advice-
Previous Publish
Potential Clue: Newly formed candle developed underneath the SUPPLY LINE.
I do expect to see a small time frame 5 minor waves down until we see the bottom of this potential large time frame 3 wave correction.
I have suggested 2 areas of possible support, but this is only a suggestion, as MM's are really having a ball this cycle.
DIPS are showing up everywhere, I feel like a kid at the candy store. But always remember to trade with caution, not off emotion. Good luck traders!
-Not Financial Advice-
Previous Publish
Nota
The SUPPLY LINE should be titled DEMAND LINE, and DEMAND LINE titled SUPPLY LINE...
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.