Taking a step back and looking at the pattern it may appear that this is only Wave 1 completing now.
The lack of thrust to the downside is already exhibiting signs that this is a small Wave v forming at the lows.
Although it doesn't appear to have bottomed yet, we could see a retest of 21,434.
Once we touch this area I would anticipate a reaction to the upside.
Another thing to note is the lack of thrust is accompanied by oversold RSI on the hourly as well as the 4 hour time frame.
As previously mentioned in another idea I would expect the overall pattern to start forming a head and shoulders pattern.
I will post a video update about this idea later on, so get ready to take profits when you see a completed 5-Waves down from when we entered the trade.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
The lack of thrust to the downside is already exhibiting signs that this is a small Wave v forming at the lows.
Although it doesn't appear to have bottomed yet, we could see a retest of 21,434.
Once we touch this area I would anticipate a reaction to the upside.
Another thing to note is the lack of thrust is accompanied by oversold RSI on the hourly as well as the 4 hour time frame.
As previously mentioned in another idea I would expect the overall pattern to start forming a head and shoulders pattern.
I will post a video update about this idea later on, so get ready to take profits when you see a completed 5-Waves down from when we entered the trade.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
노트
I think this may have already bottomed already.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.