Hi,
I just change chart to H1 where we can verily easy see all changes. Just like out analysis predict price reach another target – 4159.0.
In the last few candles we had divergence as well. That should give you more confidents in making decision. Also, price break trough upper border of brown channel and momentum is on extreme strength level.
We should expect slow down. According to my Wave Theory, price has to make correction, lets wait for that. Let’s wait for the next few candles. This give us time to get ready for next step analysis.
Have a great weekend,
Cheers,
Jim
I just change chart to H1 where we can verily easy see all changes. Just like out analysis predict price reach another target – 4159.0.
In the last few candles we had divergence as well. That should give you more confidents in making decision. Also, price break trough upper border of brown channel and momentum is on extreme strength level.
We should expect slow down. According to my Wave Theory, price has to make correction, lets wait for that. Let’s wait for the next few candles. This give us time to get ready for next step analysis.
Have a great weekend,
Cheers,
Jim
This is situation on 5:57pm EST. We have another perfect channel (Blue Lines).
Momentum remain very strong to the upper side.