Starting from the left hand side, it could be observed that there is an impulse movement with a 3rd wave extension which has the 5th wave truncated. A ((A)(B)(C)) correction was instantly noticed, this lead to formation of a Bearish Barrier: The upper line (resistance zone) was constant while the lower line (support zone) kept ascending giving life to a barrier (ABCDE).
we buy and target the 124.970 zone, we exit and enter for a sell order as soon as we hit the 124.380 while we target the 123.850 zone. we wait for confirmation before we go short. we target the
SELL
122.734,
122.196,
121.430,
120.455...
kindly like , follow, encourage us and comments if you find this useful.
we buy and target the 124.970 zone, we exit and enter for a sell order as soon as we hit the 124.380 while we target the 123.850 zone. we wait for confirmation before we go short. we target the
SELL
122.734,
122.196,
121.430,
120.455...
kindly like , follow, encourage us and comments if you find this useful.
a 1 hr timeframe analysis in here