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The hat dog position still needs to drop a bit. It actually rose to 3.47 yesterday but couldn't hold.
Now it's dropping quite fast, and it's expected to gather some funds around 3.2.
The first choice may break this upward channel, position 1 in the chart.
The second choice is to rebound back to the cyclical peak, position 2 in the chart.
Wait for the direction to become clear before choosing to go long or short. If it can hold above the 3.2 position, you can consider going long, with a take profit at 3.55.
If it breaks below 3.16, you can consider going short, targeting 3. Currently, going short can only be a short wave.
The hat dog position still needs to drop a bit. It actually rose to 3.47 yesterday but couldn't hold.
Now it's dropping quite fast, and it's expected to gather some funds around 3.2.
The first choice may break this upward channel, position 1 in the chart.
The second choice is to rebound back to the cyclical peak, position 2 in the chart.
Wait for the direction to become clear before choosing to go long or short. If it can hold above the 3.2 position, you can consider going long, with a take profit at 3.55.
If it breaks below 3.16, you can consider going short, targeting 3. Currently, going short can only be a short wave.
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WIF
3.456
+3.78%
Replies 6