Wave 4 Respects The Supply Zone
As mentioned in the previous post, the 4th wave was in progress until it reached the supply zone.
The price has extended a little bit above the zone but a double top has been created on the 1 hour frame with a second top lower than the first one and a good divergence is shown on the RSI.
If the price breaks the nick line (with a full candle on the 4 hours chart) then I expect it to fall to the next moving average or swing low
YOU ARE RESPONSIBLE FOR YOUR RISK MANAGEMENT BE VERY CAREFUL
The price has extended a little bit above the zone but a double top has been created on the 1 hour frame with a second top lower than the first one and a good divergence is shown on the RSI.
If the price breaks the nick line (with a full candle on the 4 hours chart) then I expect it to fall to the next moving average or swing low
YOU ARE RESPONSIBLE FOR YOUR RISK MANAGEMENT BE VERY CAREFUL
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