BTC Rejection --> Correction from 12200 consolidated 10900 - 11400
New 5 wave impulse: 11000 to 11800
-1H and 4H Bull Div
-5 Wave Impulse = W1 of new 5 wave move
-11800 - 12200 Supply Zone --> Rejection
-TL Support in Ascending Channel since 9600
-BTC Demand Zone began impulse from 11k
Next Move: ABC Correction from 12000 to 11500
11500 = S/R level since July 27 with tests on both sides --> WAIT FOR BACKTEST of 11500
LONG: 11450-11550
SL: 11250 (Retrace to subwave 1 of impulse) = invalidation of impulse
T1: 12200 - 1st Heavy Resistance (from AUG 2019)
T2: 13800 - 2019 High
New 5 wave impulse: 11000 to 11800
-1H and 4H Bull Div
-5 Wave Impulse = W1 of new 5 wave move
-11800 - 12200 Supply Zone --> Rejection
-TL Support in Ascending Channel since 9600
-BTC Demand Zone began impulse from 11k
Next Move: ABC Correction from 12000 to 11500
11500 = S/R level since July 27 with tests on both sides --> WAIT FOR BACKTEST of 11500
LONG: 11450-11550
SL: 11250 (Retrace to subwave 1 of impulse) = invalidation of impulse
T1: 12200 - 1st Heavy Resistance (from AUG 2019)
T2: 13800 - 2019 High