- Could be a flat, ABC down, ABC up, Impulsive decline and wave C.
- Could be a falling wedge Zig Zag 5:3:5 (ABC)
Bullish scenario: if we have strong movement start of next week and trendchannel it could be a bullish breakout once 4 hr MACD closes.
Bearish scenario: Could a ABCDE if price rejects around 1550 or 1620 (which is shortterm pricetarget) it will be a good short entry point.
- Could be a falling wedge Zig Zag 5:3:5 (ABC)
Bullish scenario: if we have strong movement start of next week and trendchannel it could be a bullish breakout once 4 hr MACD closes.
Bearish scenario: Could a ABCDE if price rejects around 1550 or 1620 (which is shortterm pricetarget) it will be a good short entry point.