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Price action should be forming a triangle at this point. Chart no 2. Outlines the triangle forming a 'd' wave, which means there should be a test on the upper band of the triangle, a short pullback before the long awaited break about 3000.
Capitalize on a BUY position now with stoploss below the orange '3' at 2450. If it breaks that line we can expect a lower low, which in that can may invalidate out long position. Otherwise, we are going long.
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Usual Disclaimer
Dear steemians,
For my steemians that are new here, I chart and update possible scenarios. Anyone telling you they can chart once and that will happen definetely, you have to link me to him/her. Over the years, charts to me are constantly updated as price action forms new scenarios etc, if you are trading on my chart and expecting guarantees, you will be disappointed for sure. "Triangle formed yesterday cound most definetely become a rectangle today" But I will always point out the highest probability scenario to you.
*I am not a guru...
*These chart and infomations provided are my personal view and ideas on the market, use it at your own risk.
*Trading is risky business. You and only you are responsible for your trades. Do trade with caution.
*Trade with money you can afford to lose, not the money you and your family needs to survive on.
*Trading is all about consistancy, there is no holy grail that takes you straight to heaven.(let me know if you have found one)
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