As per Elliott Wave theory, wave 4 should not retrace lower than wave 1. Also, we are at 61.8 level, so if the bulls are to take charge, this would be the moment.
If you want to get it, wait for some green volume candles to come in and market structure. Risk to new lows.
If you want to get it, wait for some green volume candles to come in and market structure. Risk to new lows.
Trade active
MACD Divergence confirmed, we broke to new highs, entering the trade - Order cancelled
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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.