lets see if it works
Note
so how are we doing? same plan continues,only B wave retraced a little more but still very much in plan as per the fibs. It touched the 1.272 of wave A. Also we are overbought on the H1 TF.5min chart shows clear bearish RSI divergences.
Expecting a drop in the next hours
Trade active
so, how are we doing,the impulsive waves of C is started,
Note
Wave 1 done,now correcting for wave 2.Trade active
target reached but no bounce yet, i think we are going to 7.5-7.2 k range after a small bounce now to 8-8.15K range.Trade active
target reached even better. price just bounced of 1.27% A:C extension. However, keep in mind this the middle of two key fib zones, we might revisit the 7.2K after some retracement.
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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.