Hello Traders
It looks like we have a complete 5-wave impulse and now, it should make some upward structures. Because of the unclarity of the higher timeframes, I can't say if it will make a pretty big up impulse or correction for more downside, but my main forecast is a correction. I placed a pending order above the potential reversal impulse, but the SL is too big for this chart. That's why I'm also waiting for a bigger correction and a lower degree reversal pattern to find a better entry.
For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
It looks like we have a complete 5-wave impulse and now, it should make some upward structures. Because of the unclarity of the higher timeframes, I can't say if it will make a pretty big up impulse or correction for more downside, but my main forecast is a correction. I placed a pending order above the potential reversal impulse, but the SL is too big for this chart. That's why I'm also waiting for a bigger correction and a lower degree reversal pattern to find a better entry.
For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent