(Side note I did take a small loss on a "Bullish- Call option) I had a while back on my previous analysis and got out when things got confusing which is a great time to get out is when confusion comes)
Tech idea :
Probabilities : We either have a playing
out (Flat) or "1-2"Wave 2 : Most common Retrace (0. 5-0 .618-0.65)
Common wave 2 (Time ratios): Wave 2s are unlikely to be under
100% of time taken by wave 1
//////////////////////////////////////
(Expanded Flat) : We would look towards the extension of (1-1.618) and
usually termination close to or a lil under the
"Termination of Wave A". We would want to definitely be able to easily spot out a
(Impulse of a 5 wave down)
////////////////////////////////////////
Summary : We cannot confirm yet which of these 2 scenarios ,
so we will haven't to be patient and look for confluence in
some of the areas
///////////////////////////////////////
Wave 2 (Invalidation) : We wouldn't wanna see this under (Golden zone #2)
and beneath the "Lower parallel" of the "Pitchfork" and we wouldn't wanna see this
(85%-90%) below as that is a low probability of a bullish reversal before a sweep of lows.
Tech idea :
Probabilities : We either have a playing
out (Flat) or "1-2"Wave 2 : Most common Retrace (0. 5-0 .618-0.65)
Common wave 2 (Time ratios): Wave 2s are unlikely to be under
100% of time taken by wave 1
//////////////////////////////////////
(Expanded Flat) : We would look towards the extension of (1-1.618) and
usually termination close to or a lil under the
"Termination of Wave A". We would want to definitely be able to easily spot out a
(Impulse of a 5 wave down)
////////////////////////////////////////
Summary : We cannot confirm yet which of these 2 scenarios ,
so we will haven't to be patient and look for confluence in
some of the areas
///////////////////////////////////////
Wave 2 (Invalidation) : We wouldn't wanna see this under (Golden zone #2)
and beneath the "Lower parallel" of the "Pitchfork" and we wouldn't wanna see this
(85%-90%) below as that is a low probability of a bullish reversal before a sweep of lows.
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.