Hi All,
Interesting moves this week and based on the count, I think Looney is looking like it is about to fall and start wave 3. Please see my count update below.
Count update:
Big picture: From the screenshot below, I have been tracking the final wave 5 of wave C of an ending diagonal which has hit a key fib level where wave A = C at 100%. This is followed by a shape impulsive wave down which generally signifies a change in trend.
From the top:
Wave 1: 5 wave impulsive to the downside. I initially thought this was a potential wave C of an expanded flat but having recounted the final wave 5 up (which was an ending diagonal) I have changed my count to reflect this and have labelled 1.3795 as the top.
Wave 2: This is a clear ABC flat wave that retraced to 78.6% of the wave 1 impulse
Wave 3 (Current wave): I have marked out the possible FIB extensions for wave 3; Target 1 = 1.3526 Target 2 = 1.3376 target 3 = 1.3132
This Friday's session will be a massive indication that this count is right so let's see how it plays out
Happy Trading!
Interesting moves this week and based on the count, I think Looney is looking like it is about to fall and start wave 3. Please see my count update below.
Count update:
Big picture: From the screenshot below, I have been tracking the final wave 5 of wave C of an ending diagonal which has hit a key fib level where wave A = C at 100%. This is followed by a shape impulsive wave down which generally signifies a change in trend.
From the top:
Wave 1: 5 wave impulsive to the downside. I initially thought this was a potential wave C of an expanded flat but having recounted the final wave 5 up (which was an ending diagonal) I have changed my count to reflect this and have labelled 1.3795 as the top.
Wave 2: This is a clear ABC flat wave that retraced to 78.6% of the wave 1 impulse
Wave 3 (Current wave): I have marked out the possible FIB extensions for wave 3; Target 1 = 1.3526 Target 2 = 1.3376 target 3 = 1.3132
This Friday's session will be a massive indication that this count is right so let's see how it plays out
Happy Trading!
액티브 트레이드
Hi All,Short trades have been triggered and now watching the nature of the fall which should hopefully break short term key levels at; 1.3665, 1.3647, 1.3640 and 1.3530...
GL
Don
액티브 트레이드
Quick update - all minor key levels have been broken now so we're looking longer term support at 1.3530, 1.3340, 1.3260 and a major one of 1.32220Good to start the week off with 110 pips up.
Keep a look out for update post later this week...
Don
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.