In the weekly time after a three-wave correction in the range of the green supported box. Currently, it has a three-wave upward movement that has completed a complex combination correction in the form of wave 2 and is currently in wave 3 of 3, wave C or 3 big. Therefore, I expect it to touch the specified targets on the chart after the supply zone is broken according to its strength.
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Note
It has successfully broken the supply area towards the target. Note
According to the movement path presented after the failure of the resistance zone, it has experienced more than 27% growth, which can now be considered as a support for it.Note
My selling position and pullback are broken.Note
If the trigger line and pullback fail, it can advance to the supply area. Note
After breaking the dynamic trigger, he touched the first target. Note
According to the movement path, the target was touched.Note
In time 4h, it made a valley that can be corrected up to the 0.19662 area, it can make a smaller valley, and then we should see the break of the resistance zone for retesting the previous roof. If it penetrates below the area of 0.19662 and the candle closes and stabilizes below the area, it can continue the correction swing.Note
According to the movement path after touching the target, it experienced a correction.Note
FULL TPNote
In time 4h, it is placed in a density that if the current PRZ zone breaks, it can grow to the next zone and then complete the correction by correcting the next log. If it breaks the second PRZ area, it can grow up to the neck line.Note
It is moving according to the direction of movement. Currently, according to the break of the first PRZ area, this area is currently a support for it, its break and stabilization will pave the way for the target. Note
After touching PRZ2 according to the analysis presented, PRZ1 was a support for it, which reacted negatively to the range of PRZ2 after more than 5% regrowth. The current range is a trading range that must be determined to continue the path of the decision zone. In the event of a region break, it can fill the previous FVG gap. Note
According to the movement path, after attacking the PRZ2 area several times and not being able to break the area, it has caused the failure of the PRZ1 area. Therefore, as long as it is below the area, the 1.618 Fibo target specified in the chart will be available. Note
It was touched according to the moving path of the first target.
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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.