Did the up trend is about to end?
The possible target of wave {4} is very close. The 50% fibo retracement of wave {3} and the 1.618 fibo ext of ABC is near. Considering DPO indicator wich is ready to make negative divergence, our conclucion is that this week will confirm if this scenario will became real.
Suggestion: Neutral position
Suggestion: Neutral position
Note
Note
Note
Trade active
Note
It is possible to have an abcd pattern in development and this could be the completion of wave {iv}.Trade closed manually
Note
ABCD pattern is still in play.Note
AB=CD Target reached.Note
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.