Nothing has completed for long-term traders. Bears showed the strenght and pulled down the price beyond the EMA200 what activated the (ABC) model on weekly TF There will be a short-trade opportunity to long wave B, but before we should wait for (A) completion
Wave Y of WXY model has completed or almost completed. Afterwards the USD index will rocket to develop up-wave C P.S Will look into wave Y (of WXY model) in more details on the minor TF
Wave (iv) has NOT COMPLETED so far Be patient to wait for completion of wxyxz model
Awaiting 10% correction to complete wave B of ABC(uptrend correction) Very similar to SPY (SNP500)
Last wave (y) (wxy) of (iv) is ongoing There is a chance the price will not touch the "buy zone" for manipulations and will retrace within the short scenario before going up
Awaiting for (y) to complete (iv) Long from 28 -30K what is: 61,8% retracement of (iii) + edge of minor wave (4) + EMA200
Is in line with SPY - awaiting for a correction (i)-(ii)
Be ready for long upon completion of (a)-(b)-(c) corection of (4)
Short: Target 3000 (EMA200 D) Last wave (v) of (5) has started and the reversal shall start from either the red “Sell Zone” or earlier The subject correction will pretend to be the wave (II) in the new upterend (I)-(V) started on 23 March 2020 so the level 3000 will be strongly maintained by the bulls
Target 2700-2600$ (20% drop) Corrective wave (4) within weekly timeframe seems to be started, whereby wave (a) is taking a shape of the leading diagonal
Short: Target 200$ (20% drop) corrective wave (II) is about to start or has been already started
Short: Target 300$ EMA200D (25% drop) Wave (3) has been completed. Awaiting correction wave (4) which should be abc (5-3-5) or abcde (3-3-3-3-3) The green zone (300-270$) is the area where we will see the increased volatility and volume what will evidence the bullish reversal to start wave (5) of (V)
Short: Target 24-28$ The market is extending the ending diagonal (i)-(v) and I trust it is one week to go for the correction (b) within the wave (IV) Targets: 24-28$ (0,382-0,5 Fibo of wave (a) of (IV))
According to NQ1!, RTY1! and YM1! we are likely in the corrective wave (iv) which might be rather complicated for the bears Anyway the confirmation of the bearish trend will be after the break of the green bullish trend line (2)-(4) BE CALM AND and stay on