We got a 3 waves correction from the June 15th low which stopped at the 78.6% retracement level.
Price is now going down in impulsive fashion and should continue doing it for the rest of the week and maybe even the coming one.
Target levels are the Green Fib levels which are a projection of wave A1 from wave B2.
A reversal at the 100% projection would be normal for a wave C.
Below that chances increase for this to be a wave 3.
Price is now going down in impulsive fashion and should continue doing it for the rest of the week and maybe even the coming one.
Target levels are the Green Fib levels which are a projection of wave A1 from wave B2.
A reversal at the 100% projection would be normal for a wave C.
Below that chances increase for this to be a wave 3.
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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.