Hi Guys, if you followed us from the last chart idea, we have completed Point D of our consolidating Wedge and now embarking on our final point E which will consist of a sharp movement down.
See Related Ideas Link below for previous analysis.
See Related Ideas Link below for previous analysis.
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Looks like that didn't work so i'm looking for this final leg before the drop:
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A little more cleaner:
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I'm thinking possible this now guys..
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My count was wrong:
Here is the new one.
Here is the new one.
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Small tweak:
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Please LIKE and Follow if you enjoyed the analysis <3 Thanks :)
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Off we go
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Tweaked trendline
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We are still in a range.
B correction wave.
Could be a decent short position if you're playing the ranges, which could coincide with the end of this consolidation and beginning of leg C of ABC.
However i can see that we may be missing 1 more leg (test up) before the drop, we'll see. I have entered but since price has come down a bit i have moved my stops into breakeven/profit. If this is the end and a drop occurs then great we'll ride it all the way down. If it's going to come up again and test, fine we dcan just re-enter.
B correction wave.
Could be a decent short position if you're playing the ranges, which could coincide with the end of this consolidation and beginning of leg C of ABC.
However i can see that we may be missing 1 more leg (test up) before the drop, we'll see. I have entered but since price has come down a bit i have moved my stops into breakeven/profit. If this is the end and a drop occurs then great we'll ride it all the way down. If it's going to come up again and test, fine we dcan just re-enter.
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I'm thinking something like this..
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Woops ^
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Alternative Path:
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If price blasts up then the original count was correct.
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If price blasts up then the original count was correct.
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Gooodnight everyone i'm off to sleep it's 3:36am over here. Can't stay up any longer xD BEST OF LUCK and i hope this chart is correct and provides a good roadmap for you.
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Please LIKE and FOLLOW to support me please <3 I would REALLY appreciate it :)))
I've got this at the moment, however there may be a little more movement up. But as it stands, i do see this as an opportunity right now.
I'll show you both scenarios:
Or movement up to complete point D:
One or the other, we are close or at completion.