Long commodities warning, reaching Bearish Cypher
- 5 Clear waves to the upside in this last Bullrun, with wave 5 already extended.
- Large order block from 2011 (white box) reaching this point could be a nice exit to those who got stuck in commodities for over 11 years and are now at breakeven.
- Bearish Cypher could activate near this area and short sellers will start building up some positions, 0.786 Fibonacci retracements from points X-C (Harmonic patterns have a success rate of nearly 70%-90%. we must respect them)
This is not short-sell advice, just if you jumped in this run late, be cautious, tight your SL on your commodities.
if somehow this Ukraine thing ends in the following 30 days (which is probably, Russians already occupied 80% of the major cities within 10 days, one of the shortest wars ever), and things don't scale up, commodities could start the corrective wave.
- Large order block from 2011 (white box) reaching this point could be a nice exit to those who got stuck in commodities for over 11 years and are now at breakeven.
- Bearish Cypher could activate near this area and short sellers will start building up some positions, 0.786 Fibonacci retracements from points X-C (Harmonic patterns have a success rate of nearly 70%-90%. we must respect them)
This is not short-sell advice, just if you jumped in this run late, be cautious, tight your SL on your commodities.
if somehow this Ukraine thing ends in the following 30 days (which is probably, Russians already occupied 80% of the major cities within 10 days, one of the shortest wars ever), and things don't scale up, commodities could start the corrective wave.