It is highly possible that we have entered our first impulse wave of a five-wave structure composing Wave C down.
I am expecting the completed wave to take a run at the 4H 200 EMA, and possibly confirm a break.
*Note:
- Thick blue trend line follows price from .~.015 area
- The 12/26 EMA cross near the ~.034 top (strong bearish signal)
- (4) and (5) are rough estimates ****
I am expecting the completed wave to take a run at the 4H 200 EMA, and possibly confirm a break.
*Note:
- Thick blue trend line follows price from .~.015 area
- The 12/26 EMA cross near the ~.034 top (strong bearish signal)
- (4) and (5) are rough estimates ****
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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.