Wednesday, 12 October 2022
18:50 PM (WIB)
Some might say Wall Street will fall hard to the ground at 28.000 points. But, I thought that assumption was too much of a bearish bias. So, I try to analyze Wall Street on my own.
The Bearish Leading Expanding Downtrend seems already ended at 1. The point created the Tweezer bottom formation. And the price start moving fast to the top with created An Evening Star Formation. And fall to 50% of Fibonacci Retracement. That’s it. The price failed to perform Tweezer Top on the Bearish side.
So, right now it looks like the price is still in the Waves of Bearish Leading Expanding Downtrend, but in a small wave. I’m expecting the price could try to move down again to 61.8% in the Bearish Direction. Or, open Buy Order at the Ascending Lines. I think the price will move up to 61.8% in the Bullish Direction.
18:50 PM (WIB)
Some might say Wall Street will fall hard to the ground at 28.000 points. But, I thought that assumption was too much of a bearish bias. So, I try to analyze Wall Street on my own.
The Bearish Leading Expanding Downtrend seems already ended at 1. The point created the Tweezer bottom formation. And the price start moving fast to the top with created An Evening Star Formation. And fall to 50% of Fibonacci Retracement. That’s it. The price failed to perform Tweezer Top on the Bearish side.
So, right now it looks like the price is still in the Waves of Bearish Leading Expanding Downtrend, but in a small wave. I’m expecting the price could try to move down again to 61.8% in the Bearish Direction. Or, open Buy Order at the Ascending Lines. I think the price will move up to 61.8% in the Bullish Direction.