This is an update for my previous idea.
Today, on the daily chart, we have put in a shooting star; hinting at a move lower ahead.
It looks like we have completed a 5waves sequence to the upside.
A 5 waves advance is always bullish, unless it's a wave C in a flat
or a wave X in a complex correction.
We can rule out the flat correction, but it could still be a wave X.
Look below for alt view.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
Good luck.
Today, on the daily chart, we have put in a shooting star; hinting at a move lower ahead.
It looks like we have completed a 5waves sequence to the upside.
A 5 waves advance is always bullish, unless it's a wave C in a flat
or a wave X in a complex correction.
We can rule out the flat correction, but it could still be a wave X.
Look below for alt view.
Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232
Good luck.
