We closed our previous BSV trade in good profit once i saw the pattern develop a little more.
I now think that we were actually completing a larger B wave (rather then an A for the new trend up.) and we should see a final impulsive C wave down.
We should then be good to start the new series of waves up to break the ATH.
The two levels I expect the C wave to complete are boxed on the chart. It depends if we see a contracting, regular or expanding flat.
I will update accordingly.
I now think that we were actually completing a larger B wave (rather then an A for the new trend up.) and we should see a final impulsive C wave down.
We should then be good to start the new series of waves up to break the ATH.
The two levels I expect the C wave to complete are boxed on the chart. It depends if we see a contracting, regular or expanding flat.
I will update accordingly.
Bình luận:
Maybe I spoke to soon as we are seeing support in the zone now, however, I am still expecting a further drop, Ive set some buy orders at 235 and the rest at the top of my lower zone at 213.
Bình luận:
Looks like my first zone was correct. Any open trades close here and await further updates.
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No trades yet.