Chart is going as predicted. It already went above H. peak and will need to reach more to do the 3 to 4 of fibonacci.
- For a well E.W. structure, point 4 can't touch point 1. If a bearish peak does it, then it will form another wave and much higher.
- I'm expecting that fifth peak will be below 400%. Maybe 338%
Trade active
Trade active
I jumped the first small wave thinking E.W. will not accept it. But following it, makes chart already reach the limit. Knowing this, chart may go short on news, but if I was right from the beginning, chart will go long.
*What do I think?
USD will go long.
*play wise guys.
Trade closed: stop reached
Chart formed an Head and Shoulders pattern and went bearish. It followed the first wave then.
Trade active
I found the E.W. of the recent downtrend. It will go more bearish.
Trade closed manually
By adjusting the fibonacci on 100R, I nottice that chart touched the 300%. Therefore, this trade will be closed manually.
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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.