if we break through the support of the bottom purple support or we head back up
to test the resistance RED lets see how this plays out from here.
Please feel free to help someone who is trying to get into trading one step at a time guys keep up the great work.Bulls and bears best of luck
in the market direction, Just an idea i wanted
to put out there.
we will have to wait and see how the day finishes and how tomorrow starts but lets have a peek here.
So we have an apex of a triangle wedge about to break out, soon we also have a double bottom and now we also
have a 5 downtrend Elliot impulse wave..Could this be our bottom ??
I've tried to put all the scenarios i know being a new trader into action and i see a big event on the horizon i don't
know if its going to turn into a bull run or not but we will find out of the next couple of days could be crucial
from wave 1 to 5 where I think it might end. It's following this up to now let's see how far we get with it.Basically
looking at this wave 5 will go to 10k to 10,500 or we are going to go bearish we have to have both scenarios. in
place buts the first time i've used the fib retracement tool and also the trend based fib retracement i just want to
see if the 5th wave will complete and if we will get back passed the resistance points.
Will be good to see it restore some decision back into the market especially if i can see where this might be going.
i think that apex of the triangle will be the breakpoint possibly, I've got a few other charts for a full-on bearish and
full on bullish runs.But not willing to put them up yet we need to get back the simple resistance points and let them
act as our new support lines.