So far still in Channel.... Thursday is important. Make or break.
see Chart Text
See chart.
I made profit short and long. Reached my minimum goal and will go sideline now. Retracement 38-61% was the goal. I am out at 50% Retracement. 61% will be very difficult. Also comes together with strong resistance by ~1977. Potential options: A. This entire down move was just a Flat correction and we will go for new highs. Gold did this crazy strong correction...
I was out too quick for shorts but that's fine... That drop is massive. The move is NOT OVER! This is a non-confirmed analysis. Very risky (risk of catching a falling knife). Never the less the message is clear. There will be a retracement of 38-61%. I am a bit worried of the overheating sold situation. So, there could be another minor low after short...
It will need to cool down... See text in chart.
Buy IF: - Stoch (8,5,4) hits 20 - Price reached around 1920 - Price action since high is corrective/sideways If Buy gets triggered: The new H4 high needs to be a new high or correction will continue!!!
See charts for a reason. I was a bit bored... I have a detailed count but I guess you get the idea.