EXPECTING TO SEE A CONTINUATION TO THE DOWNSIDE
GJ also opened up at 165.317 and then it continued to move all the way down to 159.627 before changing the direction and starting to move up again to around 164.253 levels.
Now for me this move to the upside maybe a wave B corrective, but as it seems right now I dont htink that the move is complete so I'll be expecting an smaller move to the upside to complete the C sub-wave, and then I'll be expecting more move to the downside to complete the 4th wave.
So the overall bias is to see more move to the upside even if I know there might be a probability for the market to move to the upside, I will not trade it unless otherwise.
Now for me this move to the upside maybe a wave B corrective, but as it seems right now I dont htink that the move is complete so I'll be expecting an smaller move to the upside to complete the C sub-wave, and then I'll be expecting more move to the downside to complete the 4th wave.
So the overall bias is to see more move to the upside even if I know there might be a probability for the market to move to the upside, I will not trade it unless otherwise.
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