Hi guys.. following up my previous post of a bullish and semi-bullish scenarios, here is the bearish scenario.
I know the WXY looks out of proportion, but the 1,23 Fib relation between the W and Y waves is astonishing, especially in such a long uptrend.
The X wave looks like a Flat correction and is "only" the 0,382 of wave W.. but it can happen.. I see many WXY non proportionate wave in other markets..
I hope this is not the case, but the fact that we bounced at the 0,618 Fib of the down move and that in this up move the potential Y wave is almost exactly 1,236 of potential wave W is very suspicious...
Lets see ....
Enjoy trading and remember: it's only money !!!
I know the WXY looks out of proportion, but the 1,23 Fib relation between the W and Y waves is astonishing, especially in such a long uptrend.
The X wave looks like a Flat correction and is "only" the 0,382 of wave W.. but it can happen.. I see many WXY non proportionate wave in other markets..
I hope this is not the case, but the fact that we bounced at the 0,618 Fib of the down move and that in this up move the potential Y wave is almost exactly 1,236 of potential wave W is very suspicious...
Lets see ....
Enjoy trading and remember: it's only money !!!
交易進行
The straight line doesn’t contemplate bounces which will be in the way, just the main direction is indicated註釋
Notice how we are bouncing ion the trend line of the pitchfork???I love this TA tool !!! :)
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