MARKET STRUCTURE:DOUBLE CORRECTION WXY
CURRENT STAGE:SECOND CORRECTION WAVE Y SUB WAVE B.
THIS WAVE B BOUNCE HAS POSSIBILITY OF TERMINATING BETWEEN 14650-14830 AS THERE IS GAP IN THIS ZONE,HOWEVER WAVE B TERMINATION POINT DEPENDS UPON THE FORM OF CORRECTION WHICH IS UNCLEAR.IRRESPECTIVE OF TILL WHERE THIS BOUNCE WILL CONTINUE,ONE SHOULD USE THIS BOUNCE FOR EXITING LONGS AS IT WILL BE FOLLOWED BY WAVE C DECLINE.
SHORTS CAN BE INITIATED ONCE PRICE FORMS BEARISH CANDLE STICK AROUND FOLLOWING LEVELS.
14616
14703
14826
14910.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
CURRENT STAGE:SECOND CORRECTION WAVE Y SUB WAVE B.
THIS WAVE B BOUNCE HAS POSSIBILITY OF TERMINATING BETWEEN 14650-14830 AS THERE IS GAP IN THIS ZONE,HOWEVER WAVE B TERMINATION POINT DEPENDS UPON THE FORM OF CORRECTION WHICH IS UNCLEAR.IRRESPECTIVE OF TILL WHERE THIS BOUNCE WILL CONTINUE,ONE SHOULD USE THIS BOUNCE FOR EXITING LONGS AS IT WILL BE FOLLOWED BY WAVE C DECLINE.
SHORTS CAN BE INITIATED ONCE PRICE FORMS BEARISH CANDLE STICK AROUND FOLLOWING LEVELS.
14616
14703
14826
14910.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis