After the large impulse wave (A) finished, there has started the initial part of the large bearish simple zigzag (A)-(B)-(C), which is an element of the bearish corrective wave. The most recent chart section displays the down wave (A), which should soon finish. The (A) wave is unfolding as a five-wave impulse 1-2-3-4-5. The final wave 5 is currently developing as an ending diagonal [1]-[2]-[3]-[4]-[5]. The price should continue declining in sub-wave [5] to a level of 54690.00.
Trading plan for BTCUSD today:
Sell 56781.50, TP 54690.00
Myanfx-edu does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors.
Go to Register with LiteForex Platform
Financial Trading is not suitable for all investors & involved Risky. If you through with this link and trade we may earn some commission.
