BULLISH IMPULSE COULD'VE BEGUN

Bullish impulse could've begun, I've got 2 reasons.

✅Reason1
The price coudln't break 1719.
✅Reason2
The price strongly bounced off 3times at FIB38.2(1676-1755), making 3 lows.
3 times mean that there were 5 waves at least, which also means one bearish impulse or correction is over.

So I revised and improved 2 scenarios which I made the day before yesterday.

❗IMPORTANT❗
Last Thursday's high(1755) and low(1719) are very important high and low.
Either is broken, the strong price movement occurs.

Those high and low can be thought in 2 ways like below in accordance with Elliott waves principle.

✅Last Thursday's high(1755)...Weekly1 or Weekly0
✅Last Thursday's low(1719)...Weekly2 or DailyA

✴️Scenario1) Bullish
If 1755 is Weekly1, 1719 is Weekly2(beginning of bullish).

✴️Scenario2) Bearish
If 1755 is Weekly0(beginning of bearish), 1719 is DailyA.


As of now I'm getting bullish, I'm on scenario1.
The scenario1 would be reinforced once the yesterday's high(1742,Pink2) is broken.
STOP:1719
*Once 1719 is broken, this idea is invalid.

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Kommentera:

The pink resistance has been strongly broken.
I think the strong bullish 9 waves would come.

I'll show some reasons on the tomorrow's idea.

Handel aktiv:

BUT AT 1732.8(Fib38.2 between today's high and today's low). The price would jump high.