It is highly possible that we have entered our first impulse wave of a five-wave structure composing Wave C down.
I am expecting the completed wave to take a run at the 4H 200 EMA, and possibly confirm a break.
*Note:
- Thick blue trend line follows price from .~.015 area
- The 12/26 EMA cross near the ~.034 top (strong bearish signal)
- (4) and (5) are rough estimates ****
I am expecting the completed wave to take a run at the 4H 200 EMA, and possibly confirm a break.
*Note:
- Thick blue trend line follows price from .~.015 area
- The 12/26 EMA cross near the ~.034 top (strong bearish signal)
- (4) and (5) are rough estimates ****
