This pair may be traced out a 5-waves decline
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bearish count
there are other ways of counting this decline but this is my best guessing so far
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possible structure for wave (iv)
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short with a tight stop, looking for further trend confirmation, then maybe add more chips in
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I am still not sure if my wave labeling is correct or not, maybe they are not (iii) & (iv).
But the blue a-b-c structure certainly looks corrective, a break of the blue trend line would signal further downside potential
But the blue a-b-c structure certainly looks corrective, a break of the blue trend line would signal further downside potential
Bình luận:
short-term bearish count
Bình luận:
corrective pattern close to completion?
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
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