we observe wave 5 in a bearish momentum. more likely to end the decline by updating the low of 16.2. As we approach this level, we reduce short positions. Possible targets 14-13-12.
After xxx correction, we observe a five-wave bearish impulse. The current situation looks like the development of the 3rd wave in the 1st wave of the higher order. We are monitoring the situation and will speculatively look for entry points into longs with a minimum volume of 0.43-0.45, and then entry points into shorts 0.5-0.53. Risk/reward as always 3 to 1.
We observe the completion of the triangle - wave B, cancellation pivot - 0.368, confirmation pivot 0.414. The target for wave C is 0.465-0.475. From there we will consider the possibility of opening short positions since our 3-wave pattern was correction in relation to the highest order of the waves
Since A-wave had 5 waves and B-wave had 3 waves we can suppose that C-waves targets about 13.45-13.85. We will start looking for short entry points at these values, since our pattern is the 4th wave of a five-wave sell-off
it is understood that the formation of the 3rd wave is completed and now the development of the corrective fourth is expected. targets -1st 14.5-15.5 2nd 18-19 3rd 21-22
On the daily chart, we observe a correction of a large 5-wave movement. Despite the aggressive wave B, we believe that wave C will take place. The target is the range of the 2nd wave of the previous growth - 1.1-0.7
It is assumed that the double bottom formed the completion of the 3rd wave and now the development of a corrective fourth is expected. targets for 4th 1st 73-74 2nd 80-81 3rd 87-88 4th 96-97
We are seeing an impulsive decline. we expect the completion of the correction within wave 4 and see the 5th wave in this impulse targets for 5th wave 1st 11.85-11.8 2nd 9.3-9.28
After a three-wave correction, we are waiting for a five-wave downward impulse. We see the development of the 3rd wave, the target is 6.5-6.7. When approaching the range of 7.0-6.7, be careful with opening short positions
The beautiful first impulse is complete. we are watching the development of the correction. We will consider the completion of the correction first as a decline below the pivot 10.67, and then its breakdown from below upwards and a successful retest. Then we can expect a long movement, which will be confirmed by a breakdown and fixation above the pivot 16.04
After a 5-wave impulse, we expect a correction with the reference points marked on the chart. After its completion, bearish sentiment remains (target - 0.4)
After the three-wave correction, there were signs of the formation of an impulse continuing the bearish trend Targets: 1st - 0.1485-0.1475 2nd -0.1330-0.1320 3rd - 0.11-0.1080
We observe the development of the movement, when wave 2 is confirmed, the scenario acquires a high probability. Be careful with long positions
1st target - 0.195/0.205 2nd - 0.135/0.145 each next goal - lower chance
We expected triangle for 4th wave, but current situation is more like expanded flat The main condition for executing this script is to go below 28k
End of 5th : 1st target 38200-38000 2nd target 36500-36000
There are signs of the formation of a continuation of the bearish trend impulse Targets 1st - 0.494-0.493 2nd - 0.434-0.433 3rd - 0.416-0.415