An ABC forecasting an 100% extension as it aligns nicely with R3 target. If it doesn't fulfill the analysis, this is a classic trap and I was caught in it. Maybe I should have waited for the pull back to confirm wave 1 of wave 3 or C before entering. However, the reaction of 38% fibo is strong and a break of the previous high convinced me to enter.
Trade closed: target reached
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.
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.