The plan is to look for exhaustion by looking at the MACD on the daily, it is suggesting just that however if it breaks downside is limited.
Currently I want to look for buy setups around the 50 / 61.8 fibs. 50 is possible but i believe 61.80 / the lower yellow TL is a dream scenario. In order for this corrective structure to be invalidated we have to break the TRUMP low.
* Another scenario is that this is not the 2nd wave but the 4th wave corrective structure.
We can therefore look at the MAX support being at the green line i highlighted.
But in both possible scenarios 3rd wave / 5th wave is imminent. We can also get a truncated 5th creating a double top.
Finally, RIGHT now we are still in the A wave of this "final zig-zag". 5-3-5. So look to see if the b-wave forms a 3 wave structure. We just have to observe for now.
Currently I want to look for buy setups around the 50 / 61.8 fibs. 50 is possible but i believe 61.80 / the lower yellow TL is a dream scenario. In order for this corrective structure to be invalidated we have to break the TRUMP low.
* Another scenario is that this is not the 2nd wave but the 4th wave corrective structure.
We can therefore look at the MAX support being at the green line i highlighted.
But in both possible scenarios 3rd wave / 5th wave is imminent. We can also get a truncated 5th creating a double top.
Finally, RIGHT now we are still in the A wave of this "final zig-zag". 5-3-5. So look to see if the b-wave forms a 3 wave structure. We just have to observe for now.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。