Hi traders
following up on my previous analysis, I noticed that wave III of the ending diagonal was a tiny short of being 50% of wave I.. meaning that is possible that wave III is not completed yet and is forming a larger 3 wave structure breaking slightly the previous top and falling back again to make wave IV.
I still think that wave V will reach the same target area (red area) as before, might be slightly longer or shorter but, it really doesn't matter, the main structure is actually the same as my previous post: just the complexity is a little bit increase, which, in my view, is understandable if, in fact, this is an ending diagonal (whales needs to shake us well before a big move)
Regards and happy trading
p.s. this is only for entertainment purpose: this is NO trading or investment advise
following up on my previous analysis, I noticed that wave III of the ending diagonal was a tiny short of being 50% of wave I.. meaning that is possible that wave III is not completed yet and is forming a larger 3 wave structure breaking slightly the previous top and falling back again to make wave IV.
I still think that wave V will reach the same target area (red area) as before, might be slightly longer or shorter but, it really doesn't matter, the main structure is actually the same as my previous post: just the complexity is a little bit increase, which, in my view, is understandable if, in fact, this is an ending diagonal (whales needs to shake us well before a big move)
Regards and happy trading
p.s. this is only for entertainment purpose: this is NO trading or investment advise
Trade fechado manualmente:
closed manually as per the other chart (short term target reached)