HELLO TRADERS,
Previous forecast on point so far! Refer to related link down below.
Price action is currently completing a small regular / contracting correction which will be followed by an up move to the 10,650 / 10,900 range. After which, we will need to decide whether this is actually a slower & more prolonged start of the bigger impulse to the 12k region. OR, is it just forming a more complex correction pattern, in which we will actually head back down to re-test (and bounce on) the 9.8k zone before further up movement.
In my opinion, I think the down move back to 9.8k following the 10.8k retest is more likely than just a straight up move all the way to 12k.
Check out some of my other ideas posted under 'related ideas' down below.
If you like my work, don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
THANK YOU & GOOD LUCK!!
Previous forecast on point so far! Refer to related link down below.
Price action is currently completing a small regular / contracting correction which will be followed by an up move to the 10,650 / 10,900 range. After which, we will need to decide whether this is actually a slower & more prolonged start of the bigger impulse to the 12k region. OR, is it just forming a more complex correction pattern, in which we will actually head back down to re-test (and bounce on) the 9.8k zone before further up movement.
In my opinion, I think the down move back to 9.8k following the 10.8k retest is more likely than just a straight up move all the way to 12k.
Check out some of my other ideas posted under 'related ideas' down below.
If you like my work, don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
THANK YOU & GOOD LUCK!!
Kommentera:
It can go up from here guys, we keep bouncing on the same zone. It might end up being a contracting correction so just a heads up!
Kommentera:
Price action kept stalling and never went up, the alts on the other hand took over. Anyways, I am expecting the up move to come here or after 1 more down move which would complete a WXYXZ.
For now, I'm expecting a move to the trend line.
For now, I'm expecting a move to the trend line.
Kommentera:
Revised that chart, I think we will get the up move for now.
Kommentera:
Going as planned so far!!
