Whether or not PA is a wave d or part of an advance wave (i).
A correction to fib .5 is expected.
On the hourly watching currently 432 as the support level preceding this coming decline.
If not, SL at 442.
Also, as the weekly macd and momentum are indicating a potential deeper correction, watch carefully.
If PA fall below 390, this triangle could be invalidated and a retrace down to ,618 of wave 3 ($350-$315) would be likely.
A correction to fib .5 is expected.
On the hourly watching currently 432 as the support level preceding this coming decline.
If not, SL at 442.
Also, as the weekly macd and momentum are indicating a potential deeper correction, watch carefully.
If PA fall below 390, this triangle could be invalidated and a retrace down to ,618 of wave 3 ($350-$315) would be likely.
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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.