vhin3125

vhin3125 Updated 

Possible start of downwards trend once MA 20 crosses MA 50 (H1). This will be the start of wave 1. Short trend will continue up to around the support area (~114.6 - 114.7) before bouncing off to create wave 2.

vhin3125

Possible entry for long positions. TP should be at the resistance areas (fib 38.2% and 50%)

vhin3125

01/31 - Still waiting for the final push (up to resistance area, around 155.4 ) to complete wave 4; possible short trade soon (wave 5) If resistance area breaks, possible short term long.

vhin3125

01/31 - Possible formation of H&S. Waiting for the creation of 2nd shoulder (or wave 2 of the Elliott Wave Pattern) once wave 1 reach the support area.