Previous 3 weeks candles resulted in bearish wicks
Daily today was bullish but preceding 3 candles were bears
It appears we might have completed the 5th wave in wave C to complete wave 2
Ideally, would like to see price move below 20.04 (prior wave 4 low of wave 5) to suggest more weakness ahead so will wait if prices move in that direction before taking a short
Alternate is that wave 4 is not complete yet and were moving further in 5. Either way, a move above 20.95 invalidates the bearish count
Daily today was bullish but preceding 3 candles were bears
It appears we might have completed the 5th wave in wave C to complete wave 2
Ideally, would like to see price move below 20.04 (prior wave 4 low of wave 5) to suggest more weakness ahead so will wait if prices move in that direction before taking a short
Alternate is that wave 4 is not complete yet and were moving further in 5. Either way, a move above 20.95 invalidates the bearish count
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.