I have been watching price level around 3060 as a key point for various reasons (200 SMA in daily chart, and also previous significant swing low. I will post more details in my blog). Wave count suggests 5 wave down may have ended (or is ending at least). I am expecting the price bounces back soon at least on the short-term. But I don't think price will go back to the previous high anytime soon. This is short-term swing trade.
I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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I trade forex, cryptocurrency, stock, futures mainly based on Elliott Wave principle.
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.