NOT INVESTMENT ADVICE: From market high on 17/12/17 to the low on 1/4/18, there was 5 primary movements: motive (wave 1), corrective (2), motive (3), corrective (4), motive (5). These 5 movements represent a downward impulse wave
If the downward wave 5 is complete, forming a double bottom with wave 3, then the downward trend over, and we should see massive upside from here. I’m looking for long opportunities on a break above the downward (green) trendline
Wave 5 usually breaks the head of wave 3, so I’m looking for short opportunities below the double bottom level around 6000-6500, as a continuation of the 5th wave.
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