WaveAnalysis

WaveAnalysis

I took a long trade because my expectation is the yellow C. But what is in the making after the yellow B can become a correction. That's why I'll move SL to BE if it breaks the previous high at 1731.50. Then we will see if it will keep going up. In the case of the yellow C, I'll hedge my trade. So I didn't buy it to book my profit. As you can see, its R:R is not good.

WaveAnalysis

My expectation is one more upside for a complete corrective structure. If it goes up, the top of the blue B should be broken, and I think the top of the 5th wave won't. Now, I'm waiting for a correction and a small trade setup to place an entry order.

WaveAnalysis

We may have a complete weekly corrective structure. Actually, I was expecting for another drop, but instead of that, it broke the trendline, and now, it's making a correction after the break-out. A new low is still possible, but in this case, we will probably have a bigger correction first. So I want to take a long trade. If it goes up, we will have a quite big...

WaveAnalysis

The last top is the all-time high, and it seems ready to make a quite big downward impulse. That's why I placed a pending order, and I'm in the trade now. We may have a complete expanding flat over the trendline. So it can make a new high. In that case, I'll try to close my trade with a small loss. Otherwise, I'm going to wait for a correction to take another short trade.

WaveAnalysis

Based on my wave count, we can have 4th and the 5th waves before the current correction ends, but they are not mandatory. So the last top can be the end of the blue C. That's why I'm waiting for a correction to place a pending order. Then I'll move SL to BE and see if it will fall.

WaveAnalysis

It got a reaction from 1.272 extensions. The daily structure can be a complete correction and the next wave can make a new all-time high, or we can have a correction for more downside. It's not clear which will be the case but in both scenarios, having a long trade will be a good idea. That's why I'm waiting for a complete reversal pattern to buy it.

WaveAnalysis

I'm waiting for a new low for a regular flat and then a reversal pattern to take a long trade. My forecast is a quite big correction in the daily time-frame and the last low should be its starting point.

WaveAnalysis

I'm waiting for a complete correction and trade setup to sell it. My main forecast is a bigger correction after a small drop, but I want to have a trade because it can fall directly.

WaveAnalysis

The last top can be the end of the expanding flat, but what we have after that looks like a correction for one more upside. I'm waiting for the next structure. If it comes down and makes a correction, or goes up and makes a reversal pattern, I'll sell it.

WaveAnalysis

I'm waiting for the end of the B wave and a reversal pattern to take a short trade. In the bigger picture, my expectation is a pretty big correction, and my target for the first wave is 1.33, which is 0.382 retracement of the whole drop.

WaveAnalysis

It broke the top slightly with divergence, hit the 1.272 extensions of the previous daily impulse, got a reaction, made an impulsive drop, and broke the trendline. All sound good for reversal. I'm waiting for a correction under the trendline to place a pending order under the last low.

WaveAnalysis

Pattern-wise, we have a complete regular flat and a potential reversal structure is in the making. That's why I'm waiting for a small correction to place a pending order. If it makes a correction for more downside as it did inside the A wave, I'll hedge my trade and buy it again from the bottom.

WaveAnalysis

The last low can be the end of the 5th wave. I'm waiting for a reversal structure to place a pending order.

WaveAnalysis

I have been waiting for a reversal for a long time, and not it may be happening. It can be a reversal impulse what we have after the last top. We have broken a trendline. I'm waiting for a correction to place a pending order. If it makes a correction over the yellow trendline, we will probably enough time to move SL to BE.

WaveAnalysis

The last top can be the end of the 5th wave. If so, we should have a complete daily impulse. Which means, a pretty big correction should be the next structure. After the last top, we have a downward impulse that broke the trendline, and a correction that could be over. That's why I placed a pending order under the last low. If it makes a bigger correction, I'm...

WaveAnalysis

The downward movement wasn't a clear one, but it should be a correction, and the last low can be the end of it. If so, we have a reversal impulse, and a correction, which is in the making. That's why I placed an entry order.

WaveAnalysis

We may have a complete expanding flat and a valid trade setup. That's why I placed a pending order. If it breaks the low, I'll move SL to BE and see how it will go. My main concern is the size of the current correction. It seems small and after a new low, it can start making a bigger one. But I want to be in the trade since we can have a big drop.

WaveAnalysis

The last low can be the end of the correction and the structure after that can be the reversal pattern. That's why I placed a pending order. If I see a lower degree trade setup at the end, I'll modify my order. As you can see, there is a chance for one more drop after an upward impulse. That's why I'll probably hedge my trade if I see a complete running flat...