Or / Dollar AméricainMis à jour Potential Triangle on Monthly
E leg is acting as an impulsive leg (bait) but it's recommended to trade this after next weekly candle or monthly close to confirm the reversal.
Weekly view is showing a different count so if there's bullishness then a breakout will target 1420 or 1495 before the next downward trend resumes.
Weekly view is showing a different count so if there's bullishness then a breakout will target 1420 or 1495 before the next downward trend resumes.
Note
The Daily count shows ending diagonal for E leg and price have broken through the 4th wave - which is very bearish in my view. The estimated time for this first bear campaign to end is between 28th Mar to 10th Apr targeting 1215-1220 levels.
Whether it takes shape as an ABC, WXY or 12345 is anyone's guess and my estimation is shown on the chart. However I personally don't trade based on count forecasts. (I trade based on corrections and calculations). As a rough guideline I think anything near or above 1302 is an area to build short positions.
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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.