Favourably, I believe the bearish trend is already exausted. Therefore, I’m looking forward for an opportunity toward a bullish reversal trend scenario either refering to the alt counts in yellow or white. Otherwise, please be careful for any breakout toward the S3 critical line. Happy weekend and good luck.
Preferably, I’m looking forward for an opportunity toward a potential of bullish reversal trend scenario either refering to the alt counts white or yellow. A breakout to the pivot critical line would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario either in aqua (Bear Trap) or magenta. Good luck.
At the moment, market already at the major upper green trendline. A breakout would bolster toward a bullish reversal trend scenario. Otherwise, please be careful for a possible “pullback” scenario either to perform corrective wave b in white or the incomplete of wave 5 in aqua. Good luck.
At the moment, market already break the major upper green trendline. A further bullish continuation trend scenario would bolster to the alt counts either in white or yellow. I believe market have potential to perform another bullish continuation trend scenario to complete corrective wave a in yellow before a possible of bearish retracement trend scenario to perform corrective wave b. Otherwise, please be careful toward a potential of “false breakout” scenario in aqua. Good luck.
At the moment, I’m looking forward for a completion of bearish retracement trend scenario either refering to the alt counts in white, yellow or aqua. A bounce from the lower red trendline and follow by a breakout to the bullish continuation critical line 1 and 2 would bolster to the alt count in white scenario. Otherwise, I believe we may see another bearish retracement trend scenario to complete corrective wave b in yellow (Fr 50%-61.8%) or aqua (“Double bottom”). Good luck.
At the moment, market just perform a strong bounce from the white/yellow critical line. I believe market in favour to perform a bullish reversal trend scenario either refering to the alt counts in white or yellow. Otherwise, please be careful for any breakout toward bearish continuation critical line 2. Happy weekend and good luck.
At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in white, aqua or yellow. But please be careful for any potential toward either a bearish retracement trend scenario in aqua/white or bearish continustion in magenta. Good luck.
Jebatfx, nice thread.
131.64 is very strong R on the weekly, and it also matches rather nicely on the daily. That area will be a very strong decision point. From that area, we could still get a reversal for a move further south.
For now, it seems like a pretty clear shot to 131.64.
At the moment, I believe market in progress to perform a bullish reversal trend scenario either refering to the alt counts in aqua or yellow. Otherwise, please becareful for any breakout toward the FR 61.8% critcal line. Good luck.
Depended on if I have the room on my platform at the time, I’ll go short around the 131.64 level, then let price action dictate if it is the real deal. Worse case scenario is to grab a 50-pip winner then bail, which seems to fall in line with your views.
At the moment, please be careful for a potential of bearish retracement trend scenario either refering to the alt count in magenta. A breakout toward the lower yellow trend would favour to this scenario. Otherwise, a breakout to the R3 critical line would bolster toward the bullish continuation trend scenario either in aqua, white or yellow. Good luck.
At the moment, I’m looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or white. A breakout to the pivot critical line would favour to this scenario. Otherwise, we may see another “bear trap” pattern either in aqua or magenta. Good luck.
At the moment, market have to break the pivot and R3 critical line to bolster toward the bullish reversal trend scenario to perform corrective wave c. Otherwise, I believe we may see a “bear trap” pattern either in aqua or magenta before a potential of reversal trend.
At the moment, I believe market in progress to perform a bullish reversal scenario either referinf to the alt counts in yellow/white or aqua. Otherwise, please be careful for any breakout toward the magenta/aqua critical line. Good luck.
At the moment, market just perform a strong bearish continuation trend scenario. Therefore, I’m looking forward for an opportunity toward either a bullish retracement trend scenario in magenta or yellow. Otherwise, we may see a potential of bullish reversal trend scenario in aqua. Good luck.
Favourably, I believe market have to perform another bearish continuation trend scenario either to complete wave 5 (yellow or magenta) or corrective wave b (aqua or white). A breakout toward the lower yellow trendline would bolster to this scenario. Good luck.
At the moment, a breakout to the upper green trendline would bolster toward the alt count in white scenario. Otherwise, a breakout to the pivot critical line would indicate that market in progress to complete either a corrective wave b in aqua or wave 5 in yellow (truncated) before a potential of bullish reversal trend scenario. Good luck.
At the moment, a further breakout towards the bullish continuation critical line 2 would determine that market may in progress to perform subwave 3 in white. Otherwise, we may see another bearish trend either to complete corrective wave b in aqua or wave 5 in yellow. Happy weekend and good luck.
At the moment, I believe market have more potential to perform another bearish continuation trend scenario either to complete corrective wave b in aqua or wave 5 in yellow/magenta. A breakout toward the lower red trendline would bolster to this scenario. Otherwise, market may bounce back to perform subwave 3 in white. Good luck.
Preferably, I’m looking forward for another bearish continuation trend scenario before a potential of bullish reversal trend opportunity either refering to the alt counts in aqua or yellow. A breakout to the S3 critical line would bolster to this scenario. Otherwise, we may see a strong bullish continuation trend scenario perhap to perform wave 3 in white. Good luck.
