12th June
Noon break *updates
TF15
As expected this morning it strike further up to 2465. It moved so fast and i was not able to clear my position with intention to buy in dip during correction.
If my counting is right and the steep on how this peak 2465 formed, then i guess this would be impulse wave 1 and now in correction of wave 2. Lets see if the low of wave 2 is 2444 or lower. If goes lower, i will consider to cut the losses until the wave 3 is confirmed to long again.
From morning until noon, total volume is very low. Today's transactions were heavily done at 3 range of price, 2452, 2451 and 2450. The buy up is taking over slightly now.. I think some already initiated positions into the market for wave 3. Lets see if the buyer will continue to flow in in the 2nd half.
At 2450, sell down is much higher.. this could be the support.
I might be wrong in this interpretation, because wave things are subjective. However what matter most is, the end product whether profit or loss.
Cheers..
Have a good rest and lunch...