Retrace before the last leg down
In the macro we should be doing an ending diagonal.
That means this move up would be a wave 4 and, in diagonals, it MUST overlap wave 1 which bottomed at the red line of my chart.
Matching that with our fib targets we have a potential reversal towards wave 5 between 20.75-21.12.
Let’s track price movements and figure out what the market makers might do next to get some profits!
That means this move up would be a wave 4 and, in diagonals, it MUST overlap wave 1 which bottomed at the red line of my chart.
Matching that with our fib targets we have a potential reversal towards wave 5 between 20.75-21.12.
Let’s track price movements and figure out what the market makers might do next to get some profits!
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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.