Idea is that we are working through wave D of a triangle. IF this count is correct, I am expecting a move soon up to the 1.232 range. Excellent R:R if we see the upturn in the area of the golden box (.618-.65 range of wave Y). That is also an area of support, so I expect to see some sort of bullish PA in that zone.
Once Wave E completes, I expect price to continue upward for a good move toward the 1.32 range. (IF this count is accurate)
Thanks for looking - Please share your count or give feedback. Thanks!!
Zoomed out view:
Once Wave E completes, I expect price to continue upward for a good move toward the 1.32 range. (IF this count is accurate)
Thanks for looking - Please share your count or give feedback. Thanks!!
Zoomed out view:
Note
Cleaned up the view a bit and the fib time. On this count currently:
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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.