The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a reversal to the downside is near. The surprise would be that we get a double correction.
In the higher timeframe, investors should wait for the pullback to buy again.
The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a downward reversal is near.
Today's focus: US30 Pattern – LH Support – 34,560 Resistance – 35,030 • Price set a new failed high, pressuring the current rally • US Employment data at due 8:30 am Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we...
The primary scenario is playing out and we reached the wave ((b)) area. There are several indications that a downward reversal is near.
Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
Wave A down looks mature and we might see some upside now as wave B. The surprise would be that we had a very shallow wave X and that we see further downside.
In the higher timeframe, investors should wait for the pullback to buy again.
The surprise played out and the 3 waves down unfolded in 5 waves which means we will get an ABC correction instead of a WXY. However, wave A down looks mature and we might see some upside now as wave B.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe. The surprise would be that the 3 waves down are unfolding in 5 waves which would mean an ABC correction instead of a WXY.
The corrective structure down might be finished. It looks mature on both the 4h and 1h timeframe.
We are waiting for more data to come up with a reliable EW count and trade setups.
In the higher timeframe, investors should wait for the pullback to buy again.
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
The short trade was successful. Now we reached the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
The short trade was successful. Now we are reaching the wave (c) and wave ((y)) areas. From here we can initiate a long trade.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave (c) and wave ((y)) area.
If the double correction plays out, it is a nice buying opportunity. We believe a long trade can be initiated from the wave ((y)) area.