On the 1d chart, I see that we had a 3d wave (because AO had highs) and now we draw the 4th wave (AO is below the 0 line). What we can expect?
- The first scenario is that the 4th wave is completed and we are in the motive 5th wave (see blue lines with 1-2-3-4-5 on the chart)
- The second scenario is that the 4th wave is not completed yet and what we see is wave A of the 4th wave. Now we draw B and then go downg below A to complete C of 4th.
I think that 1st scenario is more probable so I opened long position.
- The first scenario is that the 4th wave is completed and we are in the motive 5th wave (see blue lines with 1-2-3-4-5 on the chart)
- The second scenario is that the 4th wave is not completed yet and what we see is wave A of the 4th wave. Now we draw B and then go downg below A to complete C of 4th.
I think that 1st scenario is more probable so I opened long position.