Now hash ribbon give the signal to buy, but we can see that the correction is still in process.
As the picture, we are in W-X-Y-XX-Z of b(the bigger correction), acccording to the rules , Z must >=Y,
so we can see an up Z to 19600 at least and see a down of pulse c.
Target would be lower than a.(As 0.618 fibo, it is 17601)
ALL Kline data from Binance.
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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.