Allthough not quite clear and not entirely accurate in terms of EW rules an attempt nonetheless at wave count...
Support still holding, no clear trendline established but I believe we might be going up again soon, possibly still in correction but this is not certain, it's all still relatively new and volatile so difficult to accurately define how this market moves... Recent move (as previously anticipated in light of the Gartey pattern I previously shared but was negated for me based on current PA) was a 5-wave structure with a sharp retracement (no clear structure on this TF) to 0.618 which might be an idication of more upside in the short-term.
A drop to 13.500-14.000 would be ideal entry-wise so that stops can be placed below support/recent lows/provisional trendline but entry at marrket or based on lower TF setups is possible. Target 1 around the completion of the possible AB=CD as drawn on chart, if met trail SL to BE or most recent swing low and leave part 2 open for a possible move to new highs up and beyond 20k...
Support still holding, no clear trendline established but I believe we might be going up again soon, possibly still in correction but this is not certain, it's all still relatively new and volatile so difficult to accurately define how this market moves... Recent move (as previously anticipated in light of the Gartey pattern I previously shared but was negated for me based on current PA) was a 5-wave structure with a sharp retracement (no clear structure on this TF) to 0.618 which might be an idication of more upside in the short-term.
A drop to 13.500-14.000 would be ideal entry-wise so that stops can be placed below support/recent lows/provisional trendline but entry at marrket or based on lower TF setups is possible. Target 1 around the completion of the possible AB=CD as drawn on chart, if met trail SL to BE or most recent swing low and leave part 2 open for a possible move to new highs up and beyond 20k...
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