Hi traders,
Overview: lets review my yesterday update: "I am considering the same scenario: triangle as x of X. Leg (d) is near completion, what follows is leg (e) to the 3740 support zone. Then, we will have the rally as wave y of X." and "You can see that in both counts, we expect a pullback to at least 3800 area."
Update: today's price action perfectly matched our expectation. Nice rejection at the downward trendline and then a powerful bearish move to the 3820 area. You can see the hourly count on the chart and what I expect to happen from this point moving forward.
Overview: lets review my yesterday update: "I am considering the same scenario: triangle as x of X. Leg (d) is near completion, what follows is leg (e) to the 3740 support zone. Then, we will have the rally as wave y of X." and "You can see that in both counts, we expect a pullback to at least 3800 area."
Update: today's price action perfectly matched our expectation. Nice rejection at the downward trendline and then a powerful bearish move to the 3820 area. You can see the hourly count on the chart and what I expect to happen from this point moving forward.
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