Because we are retracing a lot to the 42K, I think we are going further up.
To the 1.618 extension of the 20K - 3K leg = around 60K.
After that, the change is high, that party times are over...
This 1.618 is still normal for a irregular flat correctional pattern..
But we will see
To the 1.618 extension of the 20K - 3K leg = around 60K.
After that, the change is high, that party times are over...
This 1.618 is still normal for a irregular flat correctional pattern..
But we will see
Trade closed manually
I will wait with this trade until it's safe and we have a full close above the 0.786 retrace, below 40K could be a top pattern forming.
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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.