The net smart money is invested bearish.. on the day we already see a head and shoulder indicating that the market wants to continue on the downside. One last let and the count will be complete... nice channel Formed to add more confirmation....proper risk management is key..
The market is trending downwards and continuing to make lower lows.. with a classic correction pattern(1,2,3,4,5) the market looks set to continue dropping...
Target one reached, market expected to still continue to the downside
Leading diagonal indicates continuing of uptrend as the market was going up..
The market has confirmed a downtrend and is looking to impulsively continue... proper risk management is key
After break of the major uptrend, we saw a corrective channel indicating that the market is setting up for a fall... zig zag in the channel also spotted(corrective confirmation)...
Trend looks complete, ending diagonal at the top.. my take is sell
Market will probably break the channel as it did the previous one, added this time it made a clear zig zag correction....
Max hight of correction reached. Expected 12345 to the downside....
We are on a buy area that has proven itself previously. Buyers expected to continue movement to the upside as correction comes to an end....
Potential drop in price.. classic impulse correction continuation
This might be the last wave of an abc correction, if that is the case a 12345 wave is expected on the downside..