I consider a small long position( increase position on confirmation) around 3.00, for the reason where approaching a strong support level and fib level 61.8% which completes our 4th retracement wave.
If the 3.00 level breaks the bullish case is off the table and the current correction(ABC) is completed to start another 5 legs down...
Really excited about this setup.
If the 3.00 level breaks the bullish case is off the table and the current correction(ABC) is completed to start another 5 legs down...
Really excited about this setup.
Note
I didn't get the opportunity to enter a long position, but we have another chance if we break the 4.00 level then we ride up to 6.00.
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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.