Here's some supply/demand zones analisys with channel and retracement (38,2%) . Looking for short entry...
We have possible running flat correction with 1:1 A:C followed by uptrend channel brakeout . Possible (3)rd wave down for new lows...
Watch out for trade possibility with this 1:1 potential 3rg in downtrend....
Heading forward to reach 3rg wave top (hope so : )
Possibile range of (3)rd wave end, for a while...
70,7 potential ((1)) wave and 127,2 % of A, with outsidebar and demand level. Heading for dynamic 3rd possible soon..
We have just reached zone that stopped downtrend with 61,8% retracement , 161,8% APP C/A waves and strong demand zone. I'm curious whether the price will go against the resistance....
We have reached possible 4th wave of cycle that started 8th may - marked ((4)) . Wave is increasing value in prallel channel. I have marked possible ends - 1. after braking out of channel 2. After reaching 2nd wave range 3. After reaching border of large downtrend channel. If that three boundries will be braked up, we will have posible new uptrend or larger...
End of running flat II wave corrective formation - waiting for new highs.
Here we have nice downtrend , waiting for wave 4 to complete to start short order to reach new lows.
After long running flat corretion - ((A))((B))((C)) we have posiblle start of wave 1 in new cycle (wave III on D1) .
After nice 5 wave impulse I'm waiting to complete correction - first potential levels marked on chart.
2nd wave downtrend running flat is going to complete soon, so the price probably will be continuing "short" direction.
We have very possible (4)th wave ahead. We shall see long consolidation next week to reach 0,84525 (41,4% of wave (3) and 100% of wave (2)) . That's my interpretation and good wishes...
Here's my today's view . Nice 1:1 and 70,7% ret. , and bottom of parallel channel ahead. - 1,3695 is another possible level to set longs with (3)rd wave end at 1,393 - 100% of wave (1) APP and 223,6% of wave (2) with channel end.