After 1h bearish divergence, it brokeout uptrend then retested.That was a trend reversal then i sold it. It dropped till 1292 which was a Gap up price on 9th of March. Then it brokeout downtrend however neither it broke 0.236 fibonacci retracement level nor retested downtrend to go higher.I'd recommend to my followers stay out of any trade action in blue colored zone until it decides its direction.
According to my long term Elliot wave analysis, we're in C correction wave which shows a continuation of bearish trend till 1260. You can find it among my views.
I'd be appreciated if you like, comment and follow.
Burak PADIR
According to my long term Elliot wave analysis, we're in C correction wave which shows a continuation of bearish trend till 1260. You can find it among my views.
I'd be appreciated if you like, comment and follow.
Burak PADIR
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correction "8th of March"