Hello Traders,
The down move proved to be finished, at least for the time being. Look for a short down move to 1,526 / 1,522 range and bounce for a strong continuation up wards.
If you enjoyed, please thumbs up and follow for more.
Thank you
The down move proved to be finished, at least for the time being. Look for a short down move to 1,526 / 1,522 range and bounce for a strong continuation up wards.
If you enjoyed, please thumbs up and follow for more.
Thank you
Komen:
Following the updated forecast above exactly!
Look for some more down-move action, at least to break the 1483 zone.
Look for some more down-move action, at least to break the 1483 zone.
Looks like the up move was just a part of the correction and not the impulse continuation. It is very likely now to break 1,483 as per the original forecast!!
Too risky to jump right into the sell right here because it can correct and take you out then continue back down, so just wait for some consolidation at least on the smaller time frames before trying to jump in!!