- Massive almost 2 years long lasting Impulse Elliott Wave was completed successfully.
- Now we should expect at least a correction to the upside, in my opinion 0.382 FIB sounds conservative.
- The price first have to break the 20 weekly moving average and the shooting star bearish candle.
- If this happens, at the end of the day, there should be a sweet reward.
- Profit Target - 0.382 FIB LifeTime Log + previous swing high (candle close).
- If we take a look at RSI indicator, we can clearly spot a bullish divergence between these swings.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
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