GBPJPY Weakness -- is this the End of the Monthly Trend?
Diupdate
We are getting to the end of a monthly elliot wave cycle and I am expecting a reversal and distribution pattern to play out. I am not going to try to catch the very top but wait for a stop loss hunt/UTAD to play out. I do think we should see exhaustion of buyers soon.
The peak in volume and evil wick we got recently I am taking as a sign of weakness, buyers stepped in but volume is diminishing and diverging with price since then.
The peak in volume and evil wick we got recently I am taking as a sign of weakness, buyers stepped in but volume is diminishing and diverging with price since then.
Komentar
By ignoring the wick I mean that it didn't invalidate the EW because it didnt close below the top of the 1.Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.