Sentiments remain bearish, with an ST still in an UP trend.. This indicates that it is currently not the best time to trade. We should be patient for a SYNC in the indicators to avoid any abrupt surprises.
SEN: Bearish
ST: UP
PA: UP
Monday, 5 October 2015
5 Oct 2015 - Nearing A=C Target
The price move in recent days are consistent of an impulsive wave in a C-wave move. This is the best EW count that has the highest probability outlook on a bearish stance. If indeed this is a C-wave count of a possible 2nd wave structure, there there is a possibility of prices trying to test the old highs. This is the EW rule, therefore we should keep our minds open to this possibility as well.
Sentiments remain bearish, with an ST still in an UP trend.. This indicates that it is currently not the best time to trade. We should be patient for a SYNC in the indicators to avoid any abrupt surprises.
SEN: Bearish
ST: UP
PA: UP
Sentiments remain bearish, with an ST still in an UP trend.. This indicates that it is currently not the best time to trade. We should be patient for a SYNC in the indicators to avoid any abrupt surprises.
SEN: Bearish
ST: UP
PA: UP
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