The current market trend is not much different from the analysis in the previous article.
๐ง From a structural point of view, we are in a bullish trend as a whole, but a larger level of short structure has been constructed, which means that it is possible for us to reverse the bullish trend based on this structure. Considering that the daily and weekly level bulls have now been realized, it is very reasonable for us to see daily and weekly level adjustments from here.
โก๏ธFrom the perspective of wave theory, we seem to have completed wave 4 and are progressing to wave 5. Note that if we continue to consolidate sideways, then we may not continue to wave 5, because if the cycle of the wave changes, then This means that wave 5 may fail.
Let's see๐
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๐ง From a structural point of view, we are in a bullish trend as a whole, but a larger level of short structure has been constructed, which means that it is possible for us to reverse the bullish trend based on this structure. Considering that the daily and weekly level bulls have now been realized, it is very reasonable for us to see daily and weekly level adjustments from here.
โก๏ธFrom the perspective of wave theory, we seem to have completed wave 4 and are progressing to wave 5. Note that if we continue to consolidate sideways, then we may not continue to wave 5, because if the cycle of the wave changes, then This means that wave 5 may fail.
Let's see๐
๐คIf you like my analysis, please like ๐and share it๐ฌ
๐ Follow me so you don't miss out on any signals and analyze ๐ฏ
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