Months ago I'd posted skepticism that THE LOW could be seen on 3 waves in Feb. Since then, price has continued higher than I'd initially expected for the green wave iv. The green count is still valid - and last week I exited a swing short from near the June top. Given the time spent consolidating instead of breaking lower in a presumed green wave (iii), I'm again considering the possibility of a Leading Diagonal (which assumes THE LOW was seen in Feb).
Contemplating a long trade IF price holds over 10.18 region (micro count allows for one more low below 10.51 but its note required). The next rise should be corrective as prescribed by a diagonal - something like the (a)-(b)-(c) in v of 1 (white count). Could be a difficult trade, so I'll take it one move at a time. Strong decline without breaking back above 11.12 would be an indication that the green count is continuing.
Contemplating a long trade IF price holds over 10.18 region (micro count allows for one more low below 10.51 but its note required). The next rise should be corrective as prescribed by a diagonal - something like the (a)-(b)-(c) in v of 1 (white count). Could be a difficult trade, so I'll take it one move at a time. Strong decline without breaking back above 11.12 would be an indication that the green count is continuing.
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.