Possible Wave A of ABC on 15m chart . please refer to my 2h chart .
Note assuming wave 2 is completed but if we break 34600 up then this scenario will still be valid but the target level will need to be adjusted accordingly .
Usually wave 2 is confirmed completion once price breaks below b of wave 2 but i made this idea early to try and catch wave 3 and make more $$$$ .
all target start at minimum targets levels and possible to get more .
wave 4 probably take longer than wave 2 to complete and it will probably be a complex correction .
Wave 5 = wave 1, or 0.618, or 0.382 x the net of waves 1 thru
This is again for day trading ,in and out .
This scenario will be invalid if price breaks 34800 up.
Good Luck
Note assuming wave 2 is completed but if we break 34600 up then this scenario will still be valid but the target level will need to be adjusted accordingly .
Usually wave 2 is confirmed completion once price breaks below b of wave 2 but i made this idea early to try and catch wave 3 and make more $$$$ .
all target start at minimum targets levels and possible to get more .
wave 4 probably take longer than wave 2 to complete and it will probably be a complex correction .
Wave 5 = wave 1, or 0.618, or 0.382 x the net of waves 1 thru
This is again for day trading ,in and out .
This scenario will be invalid if price breaks 34800 up.
Good Luck
Note
Scenario still valid but the targets fibo levels will be different. This scenario will be invalid if price breaks 34800 up
Order cancelled
price breaks 34800 up This scenario is invalidated
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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.