The scenarios for the next move: Scenario 1 – formation ABCD 1. Going down - wave (C) or CD 2. The two possible targets: a. $8600: CD=1,46BC & CD=0,236AB expansion b. $8200: CD=1,13AB & CD=2,236BC & CD=0,618AB expansion
Scenario 2 – formation XABCD 1. From $8900 could be one more move up, before correction 2. Wave CD could go to level $9600 3. From point D the next correction could start.
I’ll cancel the scenario 1 if a candle will close above $9100. I’ll cancel the scenario 2 if a candle will close below $8750 (it’s 1,13 of wave BC).
It’s not any financial advisor, it’s my scenarios.
If you have any comments, please share.
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The scanario on daily:
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The scenario 2 was canceled (price < $8750)
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It was the good lesson :) I cancelled the scenario 2, and just after that the price started to play it. There is why it is good to have two scenarios for different situation.