For the less experienced traders it is wise to see if this fift wave plays out, and then buy the retracement. Ideal would be to test the longterm resistance as a support. A close below 6250 will invalidade this count! 6000 would be ideal target.
บันทึก
Today we broke the pennant and as expectec we moved right to the wave 1 support zone. As I mentioned above a close below 6250 would give us an elliotwave faillure. So far it seems to be holding but this is a warning!
Targets too the up and downside stay the same for now.
บันทึก
So we got a reaction! We dropped below the 6250 to test the longer term resistance line as support and instantly had a reaction to the upside. although we did not get a EW faillure, we did drop below our wave 1 area (did not close). For me personally this is still a notrade zone. For now I will be trading the market like this :