Game plan for the next couple of months.
Commento:
We have an ABC on the 1hr heading straight into 140.460. Going to see some resistance here to bring prices back down and to start wave 2.
Commento:
Commento:
Commento:
another opportunity to get into the short if you didn't get in on the first "add" spot.
break of trendline, might retrace back to 61.8% retracement and support turned resistance level.
break of trendline, might retrace back to 61.8% retracement and support turned resistance level.
Commento:
Retested major trendline after the false break.
Commento:
and down we go..
Commento:
Watch for the pull back to the major descending trendline to retest after the fake break to enter short.
Commento:
TP1 hit, but looking to hold until TP3. Might find price surge lower creating an exhaustive candle, and then snap back to initiate the buy momentum.