Nawaf__Q8

Nawaf__Q8

Wave 3 down about to begin.

Nawaf__Q8

Trade it wisely . Good luck

Nawaf__Q8 Updated 

Maybe a small decline then a huge rise. I have no other options.

Nawaf__Q8

There are two scenarios for this crypto pair. I believe that scenario 1 will take place in the coming hours with taking into consideration the SL.

Nawaf__Q8

This is my first time posting the crypto chart and I love this new market as many opportunities have been poped up. For example this pair.

Nawaf__Q8

For short term traders, there is a small room for more rise.

Nawaf__Q8

The price reached extremely low and the risk/reward ratio so high. Sl when touching the red line.

Nawaf__Q8

Which side you will take. For me, I will wait until the price rebound from the current level as the fifth wave (bullish) or break the validation line (bearish). No action now.

Nawaf__Q8

The correction isn't over yet. The price may be heading to the last top.

Nawaf__Q8

The pair forming a rising wedge or ending diagonal and I expect it will drop dramatically to the previous bottom as shown. If the count is correct wave 5 in diagonal should not exceed wave 3 price range where I placed SL. good luck.

Nawaf__Q8

Expect to see three correction waves flat or zigzag or even triangle. The target is 38% of declined wave.

Nawaf__Q8

I believe the oil on the last wave of flat correction and close to complete it. One more last rise and you can sell oil with SL at the horizontal red line.

Nawaf__Q8

The price actions of this pair were awful the last few weeks. The rise unfolds as an impulse wave followed by the correction of three waves, so I predict 100% the next move is five waves moving above the previous top.

Nawaf__Q8

Oil about to rise as wave 5. For short-term traders, it is a good opportunity.

Nawaf__Q8

Sometimes you will find it is difficult to identify the wave structures in detail. The best way to overcome this issue is to calculate the number of waves that appear in the chart. if 7 or 11 that means the wave is a corrective wave. If 9 or 14 that means impulse wave. In DAX I found 7 waves which means the corrective wave is about to complete but there is a small...

Nawaf__Q8

whether the rise from the bottom is an impulse or corrective wave, I believe there is more room for another advance. I will buy when the price reaches to orange trend between 38% and 50% retracements.

Nawaf__Q8

The count seems logical for me and the trade setup is very close to our resistance. There are many alternates but let stick with this one.

Nawaf__Q8

Waiting for another rise.