Price overlapping makes me to think that we still are into wave 1 a leading diagonal.
If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).
If so, I expect the next support level to be the 0.382 - 0.5 Fib. retracement of wave ((3)).
Note
Watching for evidences wave 4 of a leading diagonal ended 9.19.
Clearing 9.84 may be a clue that a zigzag correction ended 9.19
Not excluding a complex correction until clears 11.02
Note
Below 10.045 we are looking to the downside to complete a complex correction WXY.
Possible target 8.08 area.
Note
Above 8.49 we are looking to the upside to complete wave ((5)) of a leading diagonal
Note
Unless DOT trades below 8.49, we'll look upper in wave (3) but price must clear 9.81
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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.