Hey guys!
He had a big bearish setup since mid of january.
After testing it's support area near 75.5 several times (and 1 times crossed it), we got a good chance to bounce back again and giving us a nice long opportunity.
We got an Elliott correction wave which is almost completed. The question is: "Where is the E?". Normally it should be above the support area.
In my oppinion we are in buy zone, and go long right now. If u want to wait for confirmation, we have to see if we can break through bearish trendline as marked in graph.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
He had a big bearish setup since mid of january.
After testing it's support area near 75.5 several times (and 1 times crossed it), we got a good chance to bounce back again and giving us a nice long opportunity.
We got an Elliott correction wave which is almost completed. The question is: "Where is the E?". Normally it should be above the support area.
In my oppinion we are in buy zone, and go long right now. If u want to wait for confirmation, we have to see if we can break through bearish trendline as marked in graph.
Happy trading!
!! Mention: That is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility.
Trade active:
The "E" was very deep, but still in range.
Forming a double bottom - looks like green days!
Forming a double bottom - looks like green days!