i know many of you could say the 15m tf might be too unpredictable to analize but using the Elliot Wave it becomes much easier to read charts movements...one understood market bias ( midterm trend is bearish ) we can go into deeper timeframe to find better entries.
combining this technique with the topdown analysis could be really helpful. in this case we are seeing a retracement (2) of wave 1 of 3 formed by a pennant (wave B not highlighted)
finishing at about 1506 (goood support level now turned resistance)...where should look for a nice short
thanks a lot and dont forget to leave a comment with your opinion
combining this technique with the topdown analysis could be really helpful. in this case we are seeing a retracement (2) of wave 1 of 3 formed by a pennant (wave B not highlighted)
finishing at about 1506 (goood support level now turned resistance)...where should look for a nice short
thanks a lot and dont forget to leave a comment with your opinion