on 13 aug price entered the first wave territory by breaking the brown line that i drew on the chart and invalidated my count as i interpreted this as wave 5.
so now i recount these movements as a combined correction where we have a flat as wave W and a zigzag as a X wave and may be finally a triangle as wave Y.
so what now?
now i think we are still in the correction phase and there is no evidence that we have started a new impulse wave down. but if i suppose to give you an edge i would say:
Bearish scenario: if we break the major green trend line you should consider to be bearish.
Bullish scenario: you should wait to price to consume time and form wave Y and then after that Long the market.
so do nothing right now!
so now i recount these movements as a combined correction where we have a flat as wave W and a zigzag as a X wave and may be finally a triangle as wave Y.
so what now?
now i think we are still in the correction phase and there is no evidence that we have started a new impulse wave down. but if i suppose to give you an edge i would say:
Bearish scenario: if we break the major green trend line you should consider to be bearish.
Bullish scenario: you should wait to price to consume time and form wave Y and then after that Long the market.
so do nothing right now!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.