AS YOU CAN SEE PRICE IS MAKING A DOWN CHANNEL.
RIGHT NOW IS MAKING A CORRECTION, IT LOOKS LIKE A "B" WAVE.
ALSO, THERES MAYBE AN ABCDE FALLING WEDGE. IF THE "E' WAVE OF THE STRUCTURE IS MADE I WILL BE BULLISH ON THIS PAIR.
ANYWAYS IF PRICE BREAK THE WEDGE IT SHOULD GO UP TO MAKE THE "C" WAVE, BUT I WOULD LIKE TO SEE AN "E" WAVE BEFORE THE UP MOVE.
MACD IS SHOWING DIVERGENCE TOO.
WHAT DO YOU THINK??
RIGHT NOW IS MAKING A CORRECTION, IT LOOKS LIKE A "B" WAVE.
ALSO, THERES MAYBE AN ABCDE FALLING WEDGE. IF THE "E' WAVE OF THE STRUCTURE IS MADE I WILL BE BULLISH ON THIS PAIR.
ANYWAYS IF PRICE BREAK THE WEDGE IT SHOULD GO UP TO MAKE THE "C" WAVE, BUT I WOULD LIKE TO SEE AN "E" WAVE BEFORE THE UP MOVE.
MACD IS SHOWING DIVERGENCE TOO.
WHAT DO YOU THINK??