At the moment, I believed the price will going upwards again to complete either wave 5 and IV (magenta) or wave c (cyan) before start to reverse for a bearish continuation later. As long the major red trendline stay intact, this scenario will be valid. Otherwise if we see a true breakout later to this major red trenline, then it can be considered a bearish continuation trend is already begin and all the previous scenario already become invalid. Please wait for a good reversal signal from BSTS later. Good luck.
No comments:
Post a Comment