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Originally Posted by marketwavez
Patricio
i said nothing about Elliotwave international ..
Someone else did .
i am only complimenting your work .
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Ok sorry if i miss understood it just a language understing problem. Lets concentrate in the market
We are reaching the imun possible targets for a Wave 5 0.786 % is 1.2220 ann 100% Alternate Price Projection is 1.2245 going further that point i should change the analysis.
In my opinion Wave 5:1 of 3 is near completition if it is not already complete. If that the case traders should be orientated to the Short Side. After that rally should come the correction when we now that? after breaking 1.2140 that is the low of the W4:5:1 of 3.
After that shoul come 1.2052 that it is the typicall correction for this Waves 0.500 fibo retracements.
There is nothing i can say about Time Projection yet i think than the Ec will move side ways in a very small range making new lows day by day. No there is a crossover lines in the Oscilator but not in Over Bought Zone yet
On the dayli chart i updated the feed keeping the same chart as 3 months ago. You can see on dayli chart my Price Time Targets.
Conclusion
Long-Middle term trades should be orientated to the Long Side
Short term trade should be orientated to the Short side always following the Oscilator on Over Sold Zone an taking care than this Wave 5 could still move to higher levels 1.2220 or even 1.2245. In my opinion Wave 5 should be complete at 1.2206. Seeing the Oscialtor the range between 1.2175 1.2190 could be a good enter zone with SL on 1.2207/10 small capital expousure
Kindest Regards