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Harmonicmoves

Countertrend! Wait for a little longerIt might very well be that Price will retrace after this recent impulsive Swing-Breakout. But... there is a more significant Swing-High Resistence waiting above + the RRR will be much better. Knowing that ABCD like movements often set up exactly like this: 1. Impulsive move "though" Highs/Lows 2. Some wedge or triangle consolidation 3. Another impulsive move for +/- the same length than the first move If price does not retrace significatnyl and then continues rallying into the next red area I'll be definately looking for a countertend trade
Short
by LorbeerInv