A long term cycle ended. Its correction is in progress. Developing a double combo. First a flat ABC followed by a fast bullish X wave to connect both corrections. All this actually doesn't really matter.
What it does matter, is the second combo. It is a zigzag where we can see a 5 waves bear cycle that should be the A wave. We can expect a B wave with 3 wave that seems to be a bullish zigzag. Right now it looks like 5-c within B about to start.
Target of this last wave (v)-c-B would be around 31.43 (30.5 would be enough too) but this trade will be shorting the C. Thus, this trade will be active on confirmation point breaking the extreme price (iv)-c-B (red line)
Follow the chart at TV: https://new.tradingview.com/chart/CSX/q8L6ugLo-Mid-term-correction-on-CSX/
Congratulations @showmethebits! You have received a personal award!
Click on the badge to view your own Board of Honor on SteemitBoard.
For more information about this award, click here
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @showmethebits! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit