SEi 1d
Price is currently sitting on the ma200 acting as support, it is also in the flip zone where price had a multiple reactions. 5 wave count marking the start from the lowest low, it is now down by 45% from the last swing high. MA100 + bullish OB on the breakout of wave3 fails to hold as support and in turn become a breaker/resistance when price made a turn upwards. Connected swing lows to form the trendline support. Possible scenarios would be:
1. Inducement taken out around 0.37, fill small gaps & mitigate demand zone of wave 4.
2. Raid wave 4 lows, fill gaps and mitigate demand zone of wave 2.
3. Bounce on the ma200+trendline support
Price is currently sitting on the ma200 acting as support, it is also in the flip zone where price had a multiple reactions. 5 wave count marking the start from the lowest low, it is now down by 45% from the last swing high. MA100 + bullish OB on the breakout of wave3 fails to hold as support and in turn become a breaker/resistance when price made a turn upwards. Connected swing lows to form the trendline support. Possible scenarios would be:
1. Inducement taken out around 0.37, fill small gaps & mitigate demand zone of wave 4.
2. Raid wave 4 lows, fill gaps and mitigate demand zone of wave 2.
3. Bounce on the ma200+trendline support
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.