Since I hit my stop loss and we broke support, I will be trading the small waves between the downwards wedge. We might hit resistance or jump up. Trade at your own risk. The market is very volatile right now.
No we hit our target, closed our short and bought in to go long. Stop loss just under C low, we should be going up to 0.0508. I will set an alarm and post back once we hit there.
Looks like we had an overshooting B. This should pull us back to the green box for a buy in at around 0.0429, then a bounce back up to 0.5 once more. I will analyse the trend once we reach 0.050. If trend pushes back over B wave high before touching buy in area, then the trend reversal has already happened.
The outlook is bullish, with overshooting B waves to complete the uptrend micro-cycles and for another entry point to top it off.
All golden lines are support and resistance.
