Price making higher highs on the chart while making lower highs on indicators such as MACD (bearish divergence) which indicates that a correction coming. BUT WHEN IS THE QUESTION?? WHERE IS THE TOP??
Assuming we are forming ongoing flat correction, we are currently finishing sub Wave C of Wave B which as now we seeing it struggling but should hit the red box up before going into correction I think..
Confirmation? breaking the ENDING DIAGNOL/WEDGE pattern then we would have a confirmation.
RED BOX: SELLING AREA.
ORANGE BOX: TAKE PROFIT AREA AND CONFIRMATION TO THE GREEN BOX.
GREEN BOX: BIG TAKING PROFIT AREA AND POTENTIAL TREND REVERSAL.
NO STIMULUS AGREEMENT AND MARKET WILL GO DOWN.
STIMULUS WILL BE AGREED ON IN THE FIRST QUARTER OF 2021 AND PERHAPS ONCE BIDEN GETS INTO OFFICE.
ONCE STIMULUS AGREEMENT GETS DONE, MARKET WILL HEAD HIGHER TO 4.2K WHERE WE WILL SEE AFTER A STRONG CORRECTION IF NOT A FINANCIAL COLLAPSE DUE TO HIGH INFLATION.
GOOD LUCK!
Assuming we are forming ongoing flat correction, we are currently finishing sub Wave C of Wave B which as now we seeing it struggling but should hit the red box up before going into correction I think..
Confirmation? breaking the ENDING DIAGNOL/WEDGE pattern then we would have a confirmation.
RED BOX: SELLING AREA.
ORANGE BOX: TAKE PROFIT AREA AND CONFIRMATION TO THE GREEN BOX.
GREEN BOX: BIG TAKING PROFIT AREA AND POTENTIAL TREND REVERSAL.
NO STIMULUS AGREEMENT AND MARKET WILL GO DOWN.
STIMULUS WILL BE AGREED ON IN THE FIRST QUARTER OF 2021 AND PERHAPS ONCE BIDEN GETS INTO OFFICE.
ONCE STIMULUS AGREEMENT GETS DONE, MARKET WILL HEAD HIGHER TO 4.2K WHERE WE WILL SEE AFTER A STRONG CORRECTION IF NOT A FINANCIAL COLLAPSE DUE TO HIGH INFLATION.
GOOD LUCK!
Trade active:
WE SMASHED IT!!
NOW TESTING TREND LINE AND WILL CARRY ON DOWN!
NOW TESTING TREND LINE AND WILL CARRY ON DOWN!
Trade active:
Lovely rejection at POC point for the bearish candle.
Hopefully, we should start going down again soon...
Hopefully, we should start going down again soon...
Trade active:
lovin it!!