Тrading diary / Position trading, Swing trading, Daily trading / Technical analysis Дневник / Практическо приложение на технически анализ / Споделяне на идеи
Jan 7, 2016
Looks like another 5 waves lower to me and the whole move from the top like a-b-c....
I do not know what kind of pattern this is... I know it is a very ugly thing:)
- very bearish - some ugly 1-2 1-2 1-2.... I doubt it
- "less bearish" (red) - some ugly diagonal, we have now 5 waves lower. Retracement to the resistance level expected.
- bullish(green) - ugly double zig-zag the W-X-Y on the chart.
Waiting to see what will happen in the next few days...
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
The author(s) of the posts on this site are not investment advisors and they do not offer investment advice. They try to provide some hopefully useful information - especially concerning technical analysis - and then add their own analysis.
All the content on this website is solely an expression of the author's personal interests and is posted as free-of-charge opinion and commentary. Nothing here is intended as investment advice. If you seek investment advice, consult a registered, qualified investment advisor.