By my count we can be on the 2th wave, to resume downtrend ... I have reorganized the previous count, waiting for the end of the reaction wave either wave "b" or "2" ...
waiting for the last bullish movement. according to my wave count. and ending like the 1th wave
a count of elliott waves, short-term expecting to see the Wave 3
waiting to be Formed a fractal and a bullish candle. Preferably a Bullish Engulfing.
if so the target price would match a support line
A lack of a clear signal of a speculative purchase price direction is more likely to be directed to the low, although here the fundamental could change the market's perspective.
bouncing in the price level 50% of fibonacci, expecting a reversal pattern to go shopping. With a confirmation of my indicators
if the price broke the resistance line and the line acceleration. speak of an upward movement seeking bounce off 1.3843 otherwise, bouncing down strongly
weakening in the continuation of the bearish trend Breaking the line acceleration, also in both indicators, RSI and ROC. my opinion is that the trend is difficult to get new lower minimums.
plus a divergence in the new minimum in the continuation of the trend could be a sign of weakening it, in the ROC indicator. I hope to give a good rebound before continuing the downtrend
Divergence in the new minimum in the continuation trend could be a sign weakening of the same. And the breaking of the trendline tells me that is a good input signal to own but would be better to wait a candle more decisive break resistance days ago
due for a break of a line marked by the bearish RSI and ROC and bounce in 61.8% of impulsive move I entered buying
waiting for price to resume its bearish movement
Recognizing a pattern sailing, which in my opinion is a evening star formation, and a backup Purchase of my stochastic