D1 - We are looking for two waves down to the 38.2% to 50% retrace zone of the special cycle. Once the price reaches this zone we may expect a correction to happen and look for short term buys.
H1 - Bullish divergence (ignore the spike). Price broken above 59.35.
In the short term we may now look for pullbacks and buys. In the mid – longer term we are after sells.
Scenario 1 - Double wave down with hidden bullish divergence to form, we can then go long with the breakout of the most recent trend line.
Scenario 2 - We may get a range, in that case any drop down or push to the bottom of this range is an opportunity to look for buys. Of course we must have a cycle on its own in intraday timeframe as well before we start looking for buys.
H1 - Bullish divergence (ignore the spike). Price broken above 59.35.
In the short term we may now look for pullbacks and buys. In the mid – longer term we are after sells.
Scenario 1 - Double wave down with hidden bullish divergence to form, we can then go long with the breakout of the most recent trend line.
Scenario 2 - We may get a range, in that case any drop down or push to the bottom of this range is an opportunity to look for buys. Of course we must have a cycle on its own in intraday timeframe as well before we start looking for buys.
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.