Hello traders!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Vix at support with bullish divergence
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
According to price action, we will update below.
Happy trading!
In the last post, we highlighted different possibilities for the current price action.
At the end price resumed impulsively creating other 5 motive wave breaking red zone, confirming the bullish count into blow off top.
As the last 5 waves structure was completed, we entered short looking for a bigger wave 4 to reconcile between 14650 (waqve 4 of smaller degree) and 14300 (38.2 of wave iii).
Supporting downside we also have:
-Bearish divergence on ndx daily chart.
Then we expect other bullish leg v for the blow off top.
In the micro tf we are observing a zig zag 535 for wave A of iv:
Happy trading!
הערה:
microcount
הערה:
הערה:
הערה:
going for wave C: targets on chart, stop loss on entry
עסקה פעילה:
updated count
הערה:
another leg down may be needed before wave 5
הערה:
wave iii of (c) in the making, target yellow box
הערה:
c wave almost finishing, falling below the yellow box will increase odds in favour of bearish count
הערה:
looking to this ending structure