Waves had a massive run by the end of 2018, but started the year in full negative and retraced for a long 113 days.
Right now I am seeing some massive action.
is printing its highest bar since January, and it will likely close highest since last years bull run.
The bounce is happening after breaking below MA200, very strong support.
The hit deep oversold and is now trending up.
I also find it interesting that Waves decided to move today that is moving down…
There is good potential for a strong bounce here. Remember to use a stop loss if you decide to trade this chart.
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Thanks a lot for reading.
Feel free to hit like to show your support.
(Direction and targets on the chart).
Namaste.
Published at Thu, 11 Apr 2019 17:15:50 +0000
