💡DETAILS ABOUT THE PRICE MOVEMENT ON THE WEEKLY CHART💡
📉When the bearish trend has started
Bullish 9 waves in Weekly has been formed since 24th Feb then bearish trend has started.
My counting has been right since then as below.
🐻The February bottom(1.3778) is W_1
🐻The March top (1.4005) is W_2
🐻The March bottom(1.3670) is W_3
🐻The April top(1.3918) is W_4
🐻The April bottom(1.3669) is W_5
->What's next?
Scenario1
The price would form 12345 from 2(1.4005).
If so, yellow 7 would be formed to break yellow5.
Fib 38.2(W6 and W9) awaits around 1.3645, which would be bearish M_4.
Scenario2
If Yellow4 shoule be broken, it'd be confiirmed that the April bottom(1.3669) is W_5=Correction A or C=0.
If W9 is M3 (3 in monthly chart), M4 would hit from Fib38.2-61.8 or less.
I don't know yet. The chart will tell.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
HAVE A NICE WEEKEND!!
📉When the bearish trend has started
Bullish 9 waves in Weekly has been formed since 24th Feb then bearish trend has started.
My counting has been right since then as below.
🐻The February bottom(1.3778) is W_1
🐻The March top (1.4005) is W_2
🐻The March bottom(1.3670) is W_3
🐻The April top(1.3918) is W_4
🐻The April bottom(1.3669) is W_5
->What's next?
Scenario1
The price would form 12345 from 2(1.4005).
If so, yellow 7 would be formed to break yellow5.
Fib 38.2(W6 and W9) awaits around 1.3645, which would be bearish M_4.
Scenario2
If Yellow4 shoule be broken, it'd be confiirmed that the April bottom(1.3669) is W_5=Correction A or C=0.
If W9 is M3 (3 in monthly chart), M4 would hit from Fib38.2-61.8 or less.
I don't know yet. The chart will tell.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME! THANK YOU 🎉
HAVE A NICE WEEKEND!!
