We are at the retrace of the short term Initial Swing in the Mid Term Impulsive wave. We should see the retrace ending soon and a continuation to the upside of the momentum wave that will last for a good part of 2018.
=> As you all now markets and trends unfolds in waves
=> A trend is a group of expansion waves with a bunch of retraces/pullbacks in between.
The combination of all of them form the ebb and flow in any market.
An expansion wave in a trend in general will always unfold in 2 swings
The first swing in the wave is the initial part of the move while the second is the impulse/momentum part of the move
=> As you all now markets and trends unfolds in waves
=> A trend is a group of expansion waves with a bunch of retraces/pullbacks in between.
The combination of all of them form the ebb and flow in any market.
An expansion wave in a trend in general will always unfold in 2 swings
The first swing in the wave is the initial part of the move while the second is the impulse/momentum part of the move
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Changed to Short analyisis
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