With the help of one of my friends i recognise the Corrective Wave that we are in ABC.
We closed under and backtested the 0.382 fib channel =>more downside.
As shown in the chart we have 2 places where we can go.
-at around 38500 having an ABC Running Flat Correction.
-at around 22000 having an ABC Expanded Flat having close the 0.618 of Fib Channel.
BOTH Scenarios in play.
We closed under and backtested the 0.382 fib channel =>more downside.
As shown in the chart we have 2 places where we can go.
-at around 38500 having an ABC Running Flat Correction.
-at around 22000 having an ABC Expanded Flat having close the 0.618 of Fib Channel.
BOTH Scenarios in play.
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.