Major Wave 3 Correction.
Usually with each sub-wave, the algo will retrace to 38.2% - 50% level. Looks like this is the major Wave 3 A-B-C correction.
Based on previous historical behavior, it could further dip to the yellow zone 41,271-43,636. Might be great entry zone.
Based on previous historical behavior, it could further dip to the yellow zone 41,271-43,636. Might be great entry zone.
Note
Patience payoff. Sweet spot to enter.
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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.