Joined: 31 Aug 2017
|Posted: Thu 12 Oct - 12:56 (2017) Post subject: Now let’s go to the lower time frame in order to get clearer
|Rally to 140.76 ended wave ((x)). Wave 4 pull back can make a double correction towards 136.22-133.46 area where buyers will be waiting. From that area, a reaction higher should ideally follow in further rally or in a 3 waves bounce at least.
Although a selloff can be seen towards 133.46 – 136.22, selling Facebook now is not an option as that trade would be against the major trend which is bullish. The right strategy is buying the dips in 3,7,11 swings when we get a chance. As of right now we’ll be waiting for the right levels before entering the long side.
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