FCPO: Hourly EW Count - Jul 11th 2018
Overall trend is still downward.
Scenario #1
Wave iv has completed (or still in progress). Should wave iv is still in progress, the upward movements should be limited to 2287 - 2297 area.
Scenario #2
Price is moving downwards within the channel, creating an extended wave iii. Price could go down until 2180 - 2210 before some retracement (wave iv)
Scenario #3 (trend reversal)
Trend reversal is assumed if price crosses beyond the invalidation level (2217).
Scenario #1
Wave iv has completed (or still in progress). Should wave iv is still in progress, the upward movements should be limited to 2287 - 2297 area.
Scenario #2
Price is moving downwards within the channel, creating an extended wave iii. Price could go down until 2180 - 2210 before some retracement (wave iv)
Scenario #3 (trend reversal)
Trend reversal is assumed if price crosses beyond the invalidation level (2217).
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.