Recent news downtrend E.W. finished on m15 timeframe, but H4 and H1 timeframe don't have the structure. Therefore, another bearishtrend should form to complete the E.W. on the higher timeframes.
- Bullish E.W. on m15 will start forming.
- I used a repeated 0.40% zones for retracements, but probably will go directly to 300%.
- Note: Probably whales where thinking on getting the reverse of this downtrend, so it will be beneficial for the market to keep falling.
- There's a volume correction that haves to be done on M1 timeframe. It is likely that this year will end chart doing the correction. The correction is on 0.96k
Trade active:
300% of E.W on m15 t.f.
300% of E.W on m15 t.f.
Trade active:
Trade active:
As predicted, is going complete bearish.
As predicted, is going complete bearish.
Bullish m15 E.W. was well made, so, why it didn't reach 300%? The reason why it didn't reach the 300% was that a previous bearish m15 E.W. didn't reach the 300%. Do you remember my other post that I closed the trade early because 300% was hitted on 100R and not on m15 t.f.? It was that. Market didn't care of the 100R chart and give the importance to the 15m t.f. .
I hope this helps other traders too for expirience and explanation of losses.