Becoming more likely to stay within the trading range. The formation of the pattern suggests that we have 2 more waves remaining which should take us to the bottom of the trading range (approx 350pips away).
However i could be wrong and we could stop short of that, in the current reversal zone (where the A leg completed) for a bounce and continued uptrend.
However there's a lot of indecision at the moment and the trading range is looking likely at this stage in my opinion.
However i could be wrong and we could stop short of that, in the current reversal zone (where the A leg completed) for a bounce and continued uptrend.
However there's a lot of indecision at the moment and the trading range is looking likely at this stage in my opinion.
Kommentera:
Hold Short until target
Kommentera:
Price CAN still bounce up as we haven't closed below far enough on the 1 hour and 4 hour. If so, then BUY. Otherwise hold that short and minimize your risk SAFELY.
Goodnight friends,