Nothing much happened, prices seem to still be correcting and I am labelling potential red ((ii)) as not yet in place. For the red count to be correct RSI should penetrate the MA from above – but so far both …
Prices went higher to find resistance at the lower boundary of the corrective channel and the level of the four of one lesser degree and the blue rectangle. The top of (ii) could be in place, but looking at the …
As assumed prices went higher to test the upper boundary of the corrective channel and respected critical resistance at 2.789,90. Prices penetrating the middle line of the corrective channel could imply the top of b as in place. Sarah
The lower boundary of the red corrective channel continued working as resistance. The blue DMI gave a sell signal – but prices still print between the two MAs. Critical support is the low at 2.160. Sarah
With current price action and from looking at the RSI I dismissed the red count which was looking for a lower degree one two of wave v. Instead I would count v as in place, expecting the correction to still …
So far prices found resistance at the lower boundary of the red channel and moved a little further into the blue rectangle, the 50 to 62% area of the red count potential ((i)). Both counts – red one with potential …
From the look I dismissed the red triangle count which was looking for a top for potential d. RSI already penetrates the uptrendline and the MA from above. Still the upper boundary of the corrective channel could attract prices. Critical …
The black micro triangle count got dismissed, because the level of critical resistance at 2.726 got penetrated. Whilst the red count stays intact I altered the black count into a potential Micro ((wxy)) for b. Both counts expect prices to …
As expected for both counts and from the DMI plus two MA’s strategy I showed on Thursday, prices went higher. So far both counts stay valid: red count looking for a potential minute ((ii)) and black count looking for higher …
RSI in the 6hr chart shows a divergence and prices made a new low. The RSI found support slightly below the 30. It is possible that v is not yet in place. If prices continue going higher 192.980 is critical …