This might be the 1st Impulse up
Aggiornato
As it is they have completed an Pattern where we call it as ABC Correction and they broke the High made by Counter Impulse
but the way they went up form 2800 , it looks like this is the 1st Impulse to up side , Very likely we will get Higher high move form this ,
in order to confirm they are moving up , they have to make an deep pull back or slightly high high as low and make reversal on 4 Hour
Right now its not good to go long as it stands in the middle of the trend
Next week the results are days are coming so it might stay here but either in range or some zig zak move
One has to look for proper set up in case want to enter
but the way they went up form 2800 , it looks like this is the 1st Impulse to up side , Very likely we will get Higher high move form this ,
in order to confirm they are moving up , they have to make an deep pull back or slightly high high as low and make reversal on 4 Hour
Right now its not good to go long as it stands in the middle of the trend
Next week the results are days are coming so it might stay here but either in range or some zig zak move
One has to look for proper set up in case want to enter
Nota
i dont suggest to chase it now , let it go we ware holding and now we are in + , we are using algorithm to trail our stop , for us its OK to take small cut out of gains , but for sure one has to wait for fresh entry
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