WEEKLY
DAILY
4 HOURLY
Our Technical analysis are based on Cloundra Propriety system, which has proven 85% accuracy in providing the next market movement. Readers need to learn Cloundra Trading System for them to understand this technical analysis.
Weekly: From Elliott wave perspective, we can see currently Wave 2 of Wave 3 of the most recent higher degree wave is active, A CGGTL is already broken indicating we need Upper CGD for Wave 2.
Daily: Drilling down one Time Frame lower, indicates yet another correction of Wave 4 is active of the Wave C of the higher Time Frame. We can expect to trade Wave 5( M-5) trade on the completion of Wave iv of Wave C.
H4: Wave iv is near the end, wait for confirmation by observing Price failure and higher high lower high formation to trade Wave 3 or Wave 5 of Wave C.
Next trade setup: We are aiming to trade Wave 5 on Daily timeframe, however the confirmation will be on H4 or H1 for long entry