hi all
it's an update according to the price reaction - we currently at wave 4 which could reach till 2855 (according to EW rules can't go above wave 1) . usually correction should occur between 38.2%-61.8% accordingly 2545.8- 2767.9 , but could last more .
if the price exceed more than 2855 than we'll have to evaluate the new state . i'm still in mind the market haven't finish to go "south" and we gonna have some more volatile days with that (not a suggestion to invest in the VIX instruments) . regard the oscillators we can see the MACD is positive compare the price trend and also the RSI as well . i add more option as the 4 wave establish and we can see it as ABC pattern . please be patience ....
if price breaks down than 2191.86 the last low than the next level is 2062 .
have a good weekend and be safe !!!! stay at home !!! .
it's an update according to the price reaction - we currently at wave 4 which could reach till 2855 (according to EW rules can't go above wave 1) . usually correction should occur between 38.2%-61.8% accordingly 2545.8- 2767.9 , but could last more .
if the price exceed more than 2855 than we'll have to evaluate the new state . i'm still in mind the market haven't finish to go "south" and we gonna have some more volatile days with that (not a suggestion to invest in the VIX instruments) . regard the oscillators we can see the MACD is positive compare the price trend and also the RSI as well . i add more option as the 4 wave establish and we can see it as ABC pattern . please be patience ....
if price breaks down than 2191.86 the last low than the next level is 2062 .
have a good weekend and be safe !!!! stay at home !!! .