Engulfing formation in candles.
Commento:
Dont play. I publish this only for education;)
Commento:
If this candlestick formation will be in play, we should see wave down to retest 3000.
Commento:
Confirmed by 30min two last candles looking bearish. Retest of 3000 possible, but also 75% retrace of this wave from around 3000.
Commento:
But next candles makes this formation invalidated. Now the market should push higher.
Commento:
If market can push to 3700-3850 area or higher i will show how to hunt 5th wave in this impulsive wave.
Commento:
hunting will be described here