Did we get our 3rd DCL a few days ago?
I think if we get a confirmed swing low by closing above 10sma, we are in the 4th cycle and Scenario #1 is in play. Price can go up to 50sma area, before heading back down.
If we drop from here, it will be scenario #2 and 3rd cycle will continue further.
My bet is on Scenario 1 and will be looking to short near 50sma with stop above $1306
I think if we get a confirmed swing low by closing above 10sma, we are in the 4th cycle and Scenario #1 is in play. Price can go up to 50sma area, before heading back down.
If we drop from here, it will be scenario #2 and 3rd cycle will continue further.
My bet is on Scenario 1 and will be looking to short near 50sma with stop above $1306
Nota
Looks like we will be getting our confirmed swing low and I would say the start of the 4th cycle. Still on the sidelines to see what transpires, but expecting to short close to 50ma.
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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.