In our previous analysis, we were bullish from the 1500 area. We pushed up a massive +160%.
As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline.
There's a small chance that we may move a little higher before breaking down so do keep an eye out for that.
Please note that for the longer term we are bullish but we are looking for any buying opportunities.
Goodluck and as always, trade safe!
See our previous setup below which played out perfectly!
As explained in our previous setup, we are in a large correction and expecting one more move lower to complete the wave 4 correction. We appear to have started this final move down and will be looking for confirmation on the break of the red trendline.
There's a small chance that we may move a little higher before breaking down so do keep an eye out for that.
Please note that for the longer term we are bullish but we are looking for any buying opportunities.
Goodluck and as always, trade safe!
See our previous setup below which played out perfectly!
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Monthly Chart
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