After completing the clear 5 wave , now its a lower high .. Long term view is still bullish but it has to follow the DOW THEORY . Till that time , lets play the 3rd of C down side for brief correction it may be 3-3-5 . Beautiful classic Head And Shoulder . No jump short entry it may become a triangle also, MACD is near zero line ..possible 4th , wait for...
BTC is in Bullish momentum , Even though last 26 days was in sideways range making it a flag . Monthly and weekly both are up. 5 Dec candle is significant in terms of volume and price is in the range of its high and low ( Daily). MACD is in positive zone , RSI is above 60 signify momentum. if it breaks out expecting target up to 114000. Open and Low of todays...
In continuation , Breakout of flag with hues volume 2 Higher lows indicating the 3rd wave , its going to be big and fast . This is not an Investment advice and purely for education purpose only.
During the last impulse , it was clearly a motive wave structure completed all 5 ( Intermediate) and now a correction a clear A-B-C where C has completed a 5 wave structure with a reverse divergence and bullish divergence in 15 min time frame . 91600 is a good level where I am going Bullish with 91250 as SL on closing ( till the candle closes below this level...
From the Low of Aug to High of Oct Silver gave a good impulsive move , then a A-B-C correction , Shorter TF below Daily the C wave was an extended C and did the Depth of Correction( Correction up to 4th of one lesser degree). Now looks like a new impulse to start 1&2 done with 78% retracement where 2 is a sharp correction . I have placed a entry 30.29 and got it...