The picture shows that the 5th wave of the upward movement is now developing. It is developing very sharply and I think that it also will not go far. I expect a soon price reversal down. There we will look for an entry point to sell position. Pay attention to the thick blue lines shown by the arrows on picture. These lines indicate the tops of the zigzag on the M15 timeframe. White lines - tops of the zigzag on the M5 timeframe, blue lines - tops of the zigzag on the M15 timeframe.
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Re: Trading XARD system (Christmas Setup)
ImpLaNT, Fri Mar 27, 2020 1:43 am
Let's switch the chart to the M15 timeframe. Below is the numbering of the waves on this timeframe.
The picture shows that the 5th wave of the upward movement is now developing. It is developing very sharply and I think that it also will not go far. I expect a soon price reversal down. There we will look for an entry point to sell position. Pay attention to the thick blue lines shown by the arrows on picture. These lines indicate the tops of the zigzag on the M15 timeframe. White lines - tops of the zigzag on the M5 timeframe, blue lines - tops of the zigzag on the M15 timeframe.
The picture shows that the 5th wave of the upward movement is now developing. It is developing very sharply and I think that it also will not go far. I expect a soon price reversal down. There we will look for an entry point to sell position. Pay attention to the thick blue lines shown by the arrows on picture. These lines indicate the tops of the zigzag on the M15 timeframe. White lines - tops of the zigzag on the M5 timeframe, blue lines - tops of the zigzag on the M15 timeframe.
