Update: Looked like a triangle, is a complex correction
This is an update for my previous idea.
I took a short near .8800, which I have now covered.
The move down from .8830 proved to be corrective and now I suspect
we are in wave (c) of (y) and should trade higher towards .8860-.8900
before turning lower and making new lows for wave 5
A break below .8685 (wave x low) is need to confirm that a top is in place.
A break above .8960 (wave (c) of (y) = 1.618 * wave (a) of (y)) would
make me re-consider this count.
Good luck!
I took a short near .8800, which I have now covered.
The move down from .8830 proved to be corrective and now I suspect
we are in wave (c) of (y) and should trade higher towards .8860-.8900
before turning lower and making new lows for wave 5
A break below .8685 (wave x low) is need to confirm that a top is in place.
A break above .8960 (wave (c) of (y) = 1.618 * wave (a) of (y)) would
make me re-consider this count.
Good luck!
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.