Re-opening shorts following my previous idea on 15 Dec.
Flat PA for almost 2 weeks, greatly reducing the chances for a relief. Continuation down is more likely.
Clear triangle on M15 chart (check next post). It is unlikely to be a Wave 4, so it is a Wave B. The breakout direction is completion of C.
Fading this move, shorting to the main target of 14.6k.
Hopefully we get to the bottom soon.
Good luck!
Flat PA for almost 2 weeks, greatly reducing the chances for a relief. Continuation down is more likely.
Clear triangle on M15 chart (check next post). It is unlikely to be a Wave 4, so it is a Wave B. The breakout direction is completion of C.
Fading this move, shorting to the main target of 14.6k.
Hopefully we get to the bottom soon.
Good luck!
Note
M15 chart:Trade active
Still in complex correction mode.Targeting 15.8k for now.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.