We got a 5 waves rise followed now by a 3 waves correction.
This means we should go higher here as long as the 78.6% retracement level holds.
I suspect this rise to be only temporary though with resistance around 11.200.
This means we should go higher here as long as the 78.6% retracement level holds.
I suspect this rise to be only temporary though with resistance around 11.200.
Note
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Note
We're going for 11k now it seemsNote
We got a sharp rise higher followed by a choppy correction which was unable to close below the 78.6% retracement level,this is a first encouraging sign for bulls.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
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Questions? Chat or Comment on Ideas
Thanks !
Related publications
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.