Price showed another upward impulse, giving correction tonight.
There are 3 options on the agenda: 2 for bulls and 1 for bears.
1) (light-blue), the price formed the i-blue wave, and now the iii-blue wave is starting to form: current purchases below 7400 will stand and go further;
2) (blue), the price forms the input wave i-blue in the form of a wedge with an upward exit: current purchases in the corridor 7600-7300 will close in stop losses in the range 7300-7100.
3) (red), the price forms an ascending triangle in the wave (c)-blue (inside the b-red wave): current shorts will close in the stop loss near 7500-7700, followed by fast dump in wave c-red in the area of 6600.
How to understand what is happening, and how to act - everyone chooses by himself.
All with 1 summer day and good luck!
There are 3 options on the agenda: 2 for bulls and 1 for bears.
1) (light-blue), the price formed the i-blue wave, and now the iii-blue wave is starting to form: current purchases below 7400 will stand and go further;
2) (blue), the price forms the input wave i-blue in the form of a wedge with an upward exit: current purchases in the corridor 7600-7300 will close in stop losses in the range 7300-7100.
3) (red), the price forms an ascending triangle in the wave (c)-blue (inside the b-red wave): current shorts will close in the stop loss near 7500-7700, followed by fast dump in wave c-red in the area of 6600.
How to understand what is happening, and how to act - everyone chooses by himself.
All with 1 summer day and good luck!
