Trying to find a possible ending target for this downtrend:
1) Fibonacci Retracement from start of wave 1 to end of wave 5
2) Fibonacci Extension from start of wave A to end of wave A to end of wave B
3) Fibonacci Retracement from end of wave A end of wave B
Could it be a possible target for this downtrend?
If not how can I determine other possible targets?
1) Fibonacci Retracement from start of wave 1 to end of wave 5
2) Fibonacci Extension from start of wave A to end of wave A to end of wave B
3) Fibonacci Retracement from end of wave A end of wave B
Could it be a possible target for this downtrend?
If not how can I determine other possible targets?
Note
confluence zone achieved. Now will it bounce or go straight down?
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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.