Redrew waves using the linear scale. End of wave 5 soon, possibly correction. Should be violent based on the week's movement but with all the new FOMO investors it may not be. I think the end of the downtrend is coming but the overall drawing (h&s pattern) is speculation
Komentarz:
Zlecenie aktywne:
Komentarz:
Trade progressing nicely as you can see. Expect the unexpected. It's possible to go even as low as 0.003 if we consider this 5 wave impulse to be wave 1 of a larger wave and the current correction to be wave 2. Wave 2 can go as low as wave 1 and still obey the rules.
Komentarz:
Currently at the right shoulder of the pattern I drew, expect sharp downturn today if this is the right call. Also in my original update I meant "end of uptrend" not downtrend obviously. Tiring week.
Komentarz:
In addition to the head and shoulders we have a symmetrical triangle forming. As you know this is a neutral pattern, but given the h&s accompanying it I'm expecting it to break downwards
Komentarz:
H&S played out perfectly. We're moving towards oversold now and godmode has been pretty low for a while. Could see some pullback today but overall I still think lower. Probably need to test 0.008 and re-evaluate
Komentarz:
Reversal pattern here, interesting next few hours
Reversal pattern here, interesting next few hours
Komentarz:
Broke it downwards. Down we goooooo
Broke it downwards. Down we goooooo
Zlecenie zamknięto ręcznie:
Closed, expecting bullish now, correction should be over
Komentarz:
Hit the bottom I called originally