GVT 5/5
I has come up with this possible second scenario. Charting is about find every single possible scenario before it happens, so we can act with anticipation.
For this second scenario, which is quite bullish compared to the previous one, we are in a falling wedge (duh obviously) and we are nearly done with correction, in wave 5 of C wave, down to the green box (0.618-0.65 fib lvl) and there we go, the start of wave 3! Excited!
So, if you want to play safe, long at the break out point of the falling wedge, that's the safest way to go. A break out of the falling wedge indicates uptrend, and we will see it retests the previous wave 1 (28500-29000).
For this second scenario, which is quite bullish compared to the previous one, we are in a falling wedge (duh obviously) and we are nearly done with correction, in wave 5 of C wave, down to the green box (0.618-0.65 fib lvl) and there we go, the start of wave 3! Excited!
So, if you want to play safe, long at the break out point of the falling wedge, that's the safest way to go. A break out of the falling wedge indicates uptrend, and we will see it retests the previous wave 1 (28500-29000).
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