Analysis:
1) {a}-{b}-{c}: {impulse}-{combination}-{?}
2) (w)-(x)-(y): (expanded flat)-(combination)-(?)
3) Price hit Fib 1.382 extension: (x)=1.382(w)
4) RSI divergence
Profit target:
*) Fib retracement: {b}=0.382{a}
*) Fib extension: (y)=(w)
From Fibonacci clustering technique, 135.6 might be appropriate target.
1) {a}-{b}-{c}: {impulse}-{combination}-{?}
2) (w)-(x)-(y): (expanded flat)-(combination)-(?)
3) Price hit Fib 1.382 extension: (x)=1.382(w)
4) RSI divergence
Profit target:
*) Fib retracement: {b}=0.382{a}
*) Fib extension: (y)=(w)
From Fibonacci clustering technique, 135.6 might be appropriate target.
Trade active
Long position opened at 122.5Trade closed: stop reached
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Related publications
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.