Hello everyone!
Following recent fall in global stock markets, if the downtrend continues,
EU50EUR
will likely form the bullish blue wave.
As a possible confirmation for current continuous downtrend, minor yellow wave is being formed.
However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting opportunity to go long anyway.
Good luck and profitable trading!
Following recent fall in global stock markets, if the downtrend continues,
EU50EUR
will likely form the bullish blue wave. As a possible confirmation for current continuous downtrend, minor yellow wave is being formed.
However, even if it doesn't succeed and the price reaches 349x-35xx support area, this will provide an interesting opportunity to go long anyway.
Good luck and profitable trading!
Comment:
*Blue wave and possible targets have been adjusted according to the current situation.
Order cancelled:
The price never formed point 5 and went directly to TP, thus no opportunity was presented to go long and no positions were opened.
Looking forward opening longs when reaching point V/Sweet zone/forming peak and price showing clear signs of reversal.