APHA - What?!
Just kidding with the title. But still, where are we in the progression? Is this still minor wave 1, will we see a minuette wave 5, or is the top in?
The Night Monkeys keep closing the gaps before we can either buy or sell. Extended chart shows this wave in a different light.
$6.40 was tested on low volume. I am assuming the start of minute wave 5 there. This assumption is consistent with the notion to buy a bull break of $6.40.
Confluence marked on the chart, in the $8 region.
At the same time, most internals show underlying weakness, on all timeframes. But usually, assets with strong momentum trade sideways for a time, waiting for indicators to catch up, before triggering another impulse.
I'm not entirely sure about this proposed count. It will be invalidated if $6.40 breaks. So my stop loss is at $6.30.
I do strongly feel that this is still minor wave 1 of intermediate wave 3.
Keep in mind, that I don't have a crystal ball. I'm going to do a bearish alternative now, and post in a few minutes.
The Night Monkeys keep closing the gaps before we can either buy or sell. Extended chart shows this wave in a different light.
$6.40 was tested on low volume. I am assuming the start of minute wave 5 there. This assumption is consistent with the notion to buy a bull break of $6.40.
Confluence marked on the chart, in the $8 region.
At the same time, most internals show underlying weakness, on all timeframes. But usually, assets with strong momentum trade sideways for a time, waiting for indicators to catch up, before triggering another impulse.
I'm not entirely sure about this proposed count. It will be invalidated if $6.40 breaks. So my stop loss is at $6.30.
I do strongly feel that this is still minor wave 1 of intermediate wave 3.
Keep in mind, that I don't have a crystal ball. I'm going to do a bearish alternative now, and post in a few minutes.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.