Hello Traders,
the various options I described in my latter analysis are still valid!
If N50 is on track within a „triangle“, (what is in sum a „sideways-move), the next move will finish waves c of ((iv))!
If N50 has done a wave (y) orange, at the weekly time frame, the next move should occur to the upside into 18300 levels!
At the hourly chart we will notice the lower high @ 17639 on February 10 around noon.
If N50 decline below 17050 levels, the door would be open to 17000 zones. Closing price below, 17050 is important!
Any decline below the 17000 are open the door to 16830-16785 level, below to 163xx zones.
Only rising price above 17639 opens the door to 14780!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
the various options I described in my latter analysis are still valid!
If N50 is on track within a „triangle“, (what is in sum a „sideways-move), the next move will finish waves c of ((iv))!
If N50 has done a wave (y) orange, at the weekly time frame, the next move should occur to the upside into 18300 levels!
At the hourly chart we will notice the lower high @ 17639 on February 10 around noon.
If N50 decline below 17050 levels, the door would be open to 17000 zones. Closing price below, 17050 is important!
Any decline below the 17000 are open the door to 16830-16785 level, below to 163xx zones.
Only rising price above 17639 opens the door to 14780!
Have a great week.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!