We can count 5 waves up now for potential wave 3.
Following soon will be a wave 4 consolidation followed by a continuation higher as wave 5.
Because wave 2 was a ZigZag, we can assume this wave 4 to be a Flat or a triangle making just a shallow retracement of wave 3.
So, I recommend taking at least partial profits.
Because waves 4 are so tricky it's not a good idea to try and short them, so, better keep your cash on the side for when better opportunities arise.
! If price starts to fall sharply and goes below 2.38, the count gets negated.
Previous post :
Following soon will be a wave 4 consolidation followed by a continuation higher as wave 5.
Because wave 2 was a ZigZag, we can assume this wave 4 to be a Flat or a triangle making just a shallow retracement of wave 3.
So, I recommend taking at least partial profits.
Because waves 4 are so tricky it's not a good idea to try and short them, so, better keep your cash on the side for when better opportunities arise.
! If price starts to fall sharply and goes below 2.38, the count gets negated.
Previous post :
Nota
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Nota
Now correctig for wave 4. Best to just stay out of this for now.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.