Hi guys,
It seems like last week's scenario was very on point. I expected 5 waves down ( macro A ) and that played out. I expected a bounce ( wave B ) in the form of 3 subwaves ABC, that was also on point if we are seeing subwave A playing out today.
Bull : close over the 57.000$ area
Bear : we touch the 54-56.000$ area forming subwaves BC from wave B and continue going down in wave C ( 5 wave structure ) with a target price at the 42.000$ area.
RSI is in the oversold "area" but not quite oversold yet, expecting another go.
Not entering new trades until confirmation.
Trade safely friends, this is not financial advice.
It seems like last week's scenario was very on point. I expected 5 waves down ( macro A ) and that played out. I expected a bounce ( wave B ) in the form of 3 subwaves ABC, that was also on point if we are seeing subwave A playing out today.
Bull : close over the 57.000$ area
Bear : we touch the 54-56.000$ area forming subwaves BC from wave B and continue going down in wave C ( 5 wave structure ) with a target price at the 42.000$ area.
RSI is in the oversold "area" but not quite oversold yet, expecting another go.
Not entering new trades until confirmation.
Trade safely friends, this is not financial advice.
