- Month TF:we are currently in Cycle wave C - expect price to with TP as 5.74, 6.84, and 7.56 respectively.
- Date TF: Within the Cycle Wave C, we are in an Intermediate Wave (4) of Primary Wave[3]. Hence, we can expect a minor retracement to around 2.90 to 3.16 area. A good opportunity to enter would be at the end of Intermediate Wave(4).
- Date TF: Within the Cycle Wave C, we are in an Intermediate Wave (4) of Primary Wave[3]. Hence, we can expect a minor retracement to around 2.90 to 3.16 area. A good opportunity to enter would be at the end of Intermediate Wave(4).
Note
Price hit the support level as initially expected. As of now I can see a double bottom bottom pattern, I am quite optimistic that we are in the right path. Double bottom pattern has a success probability of around 78%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.