Previously I was checking if it was bearish, but now it looks more like the it completed ABC corrrective move. I this case, I will go bullish. Please le me know what you guys think.
This wave dienst exceed the 50% and dienst goes into zone of wave 1. This might be also Smaller entry for wave 5.
This last wave retace to 61.8% and is still respecting the zone of wave (1). If this wave come into the zone of wave 1/2, than this idea is invalid. Now in this case I still belive it is wave4 and going into wave 5. I am causious: my take profit is therefore not crazy, and I will take it on around 2600, for more cautions TP: 2624
- Smaller time frame bearish - 4h and daily still bullish. Let's see whether this is a valid idea. If the minorwave 5 down trend surpassed 2600. Idea is invalid. - Target shorterm 2605 If minorwave 5 is above 2600, we will get back to major wave 5. - Target midterm 1st 2605 than 2640