The last top is the all-time high, and what we have after that looks like a reversal structure. For now, I can't tell if it will make a small or pretty big correction for more upside, or a huge drop. But in all cases, we should see a downward structure. That's why I want to sell it. To do that, I'm waiting for a complete correction. I may place a pending order to...
The upward movement from 124 looks like the C wave in a monthly running flat, and it might be over. That being said, there is still some room (approximately 300 pips) to go up. So, we will see that part, but if it's over, we will have a quite big drop, like 4000 pips at minimum. Of course, I won't trade this chart with 4000 pips target, but we can have some huge...
The downward movement could be over, and we can have a pretty big correction. That's why I want to take a long trade. It looks like we have a complete reversal pattern. Now, I'm waiting for a small sideways movement after the break-out to place a pending order. As you can see, there is a chance for a correction under the blue trendline and probably one last drop....
We may have a complete weekly corrective structure. Actually, I was expecting for another drop, but instead of that, it broke the trendline, and now, it's making a correction after the break-out. A new low is still possible, but in this case, we will probably have a bigger correction first. So I want to take a long trade. If it goes up, we will have a quite big...
The last top is the all-time high, and it seems ready to make a quite big downward impulse. That's why I placed a pending order, and I'm in the trade now. We may have a complete expanding flat over the trendline. So it can make a new high. In that case, I'll try to close my trade with a small loss. Otherwise, I'm going to wait for a correction to take another short trade.
Based on my wave count, we can have 4th and the 5th waves before the current correction ends, but they are not mandatory. So the last top can be the end of the blue C. That's why I'm waiting for a correction to place a pending order. Then I'll move SL to BE and see if it will fall.
In order of divergence between price and indicators, in order of trend lines direction suggests, TESLA price could reatch 800 level in 4/5 weeks.
It got a reaction from 1.272 extensions. The daily structure can be a complete correction and the next wave can make a new all-time high, or we can have a correction for more downside. It's not clear which will be the case but in both scenarios, having a long trade will be a good idea. That's why I'm waiting for a complete reversal pattern to buy it.
I think it starts its correction wave, so we need the chart to make us a minor ABC... maybe, maybe not, it's just an idea, pls comments your thoughts
I'm waiting for a new low for a regular flat and then a reversal pattern to take a long trade. My forecast is a quite big correction in the daily time-frame and the last low should be its starting point.
The last top can be the end of the expanding flat, but what we have after that looks like a correction for one more upside. I'm waiting for the next structure. If it comes down and makes a correction, or goes up and makes a reversal pattern, I'll sell it.
I'm waiting for the end of the B wave and a reversal pattern to take a short trade. In the bigger picture, my expectation is a pretty big correction, and my target for the first wave is 1.33, which is 0.382 retracement of the whole drop.
At the moment, the EUR / NZD currency pair is trading near the global support level, which has more than once provoked a stop and a further rise in the price, which means this is a good zone for buying EUR / NZD in the medium term.
It broke the top slightly with divergence, hit the 1.272 extensions of the previous daily impulse, got a reaction, made an impulsive drop, and broke the trendline. All sound good for reversal. I'm waiting for a correction under the trendline to place a pending order under the last low.
The last low can be the end of the 5th wave. I'm waiting for a reversal structure to place a pending order.
I have been waiting for a reversal for a long time, and not it may be happening. It can be a reversal impulse what we have after the last top. We have broken a trendline. I'm waiting for a correction to place a pending order. If it makes a correction over the yellow trendline, we will probably enough time to move SL to BE.
The last top can be the end of the 5th wave. If so, we should have a complete daily impulse. Which means, a pretty big correction should be the next structure. After the last top, we have a downward impulse that broke the trendline, and a correction that could be over. That's why I placed a pending order under the last low. If it makes a bigger correction, I'm...
The downward movement wasn't a clear one, but it should be a correction, and the last low can be the end of it. If so, we have a reversal impulse, and a correction, which is in the making. That's why I placed an entry order.