Price has formed a few W's within the range with price having a full retracement on each.
Yet another W is forming. Looking for price to show rejection at the previous nose of the first W.
Or continuation to the top of the first leg of the first W and a retracement of at LEAST 0.38 then 50% with the Fib at the top of the range.
Yet another W is forming. Looking for price to show rejection at the previous nose of the first W.
Or continuation to the top of the first leg of the first W and a retracement of at LEAST 0.38 then 50% with the Fib at the top of the range.
Trade closed: target reached
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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.