Something like this - need to wait to see if the resistance around 95 tops this thing out into a wave 4 consolidation of some sorts. Once that's done maybe can go long for wave 5 - on to 100 key resistance? That may complete 5 waves at this level.
Shorting at key 95 resistance could be good if wave 4 corrects sharply - wave 2 seems like the long drawn out consolidation, so wave 4 could be the quick sharp reversal. Don't know. May just wait for pullback and stick with the bull trend to make life easier!
Also on the daily chart there are some negative divergences so can't be long now...
Shorting at key 95 resistance could be good if wave 4 corrects sharply - wave 2 seems like the long drawn out consolidation, so wave 4 could be the quick sharp reversal. Don't know. May just wait for pullback and stick with the bull trend to make life easier!
Also on the daily chart there are some negative divergences so can't be long now...
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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.