In my 2 last updates we talked about the long setups that were given to us from the drop to 25k, but also about the possibility of one more possible drop.
Here I'm showing you my preferred LTF EW count, where I believe that we are now in a wave 4 before one last drop for a wave 5.
For the longs that we took (if you took one) from the drop, here is a good area to take profits in my opinion, as we are reaching some key levels:
- Weekly level (we are currently rejecting)
- 32,650 (key level for EW)
If we reclaim those levels, I'm going to be looking for a move to the daily at 39.6k, which if we reclaim, would be a very strong sign that the low at 25k was a major one.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Here I'm showing you my preferred LTF EW count, where I believe that we are now in a wave 4 before one last drop for a wave 5.
For the longs that we took (if you took one) from the drop, here is a good area to take profits in my opinion, as we are reaching some key levels:
- Weekly level (we are currently rejecting)
- 32,650 (key level for EW)
If we reclaim those levels, I'm going to be looking for a move to the daily at 39.6k, which if we reclaim, would be a very strong sign that the low at 25k was a major one.
Any questions?
Good luck traders
Remember not to break your rules
Habib
