both main targets for elliot wave 5 found by fib extension located in the same area (wave 1 = wave 5 / 62 fib ext of wave 1-3), plus this is exactly the 0.5 fib retracement of the former heavy down impulse wave that kissed the temporary bottom at 6K. Since this is wave 5 of the recent uptrend you can prepare for a bigger ABC correction afterwards
trade at your own risk, this is just an idea.
trade at your own risk, this is just an idea.
Note
This was a strange correction since it didn't took a real dive. But it was claerly an ABC with a weak A and high volume B
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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.