Fib extension of the corrective (beta) wave following H&S Reversal first (alpha) wave gives a Fib target of 1.1212 (delta) (2.618 extension as 1.618 looks decidedly shallow based on wave1's length).
Most likely resistance at the EMA800H4 level which coincides with 1.1145 Historical resistance which may cap the rise to 1.1212 target
Most likely resistance at the EMA800H4 level which coincides with 1.1145 Historical resistance which may cap the rise to 1.1212 target
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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.