Now we see the completion of an ABCD and after that we had a corrective trend up to the range of 1.774583 and the percentage between 61.8/78.6 fibo correction.
And we see the breaking of the range of 1.781625 in the correction wave in microwaves.
We have two things to consider:
1. Expecting to obtain two ranges from the current corrective trend in the ranges of 1.785 and 1.789, there is no need to touch both targets.
2- By checking the break of the trend line with a higher slope, you can have the possibility of a decrease after the rise, so checking and a stop is mandatory.
Let's not forget that we are still in an upward trend and there is no confirmation for a decrease, checking the continuation of the trend after the goals are touched will play an important role.
And we see the breaking of the range of 1.781625 in the correction wave in microwaves.
We have two things to consider:
1. Expecting to obtain two ranges from the current corrective trend in the ranges of 1.785 and 1.789, there is no need to touch both targets.
2- By checking the break of the trend line with a higher slope, you can have the possibility of a decrease after the rise, so checking and a stop is mandatory.
Let's not forget that we are still in an upward trend and there is no confirmation for a decrease, checking the continuation of the trend after the goals are touched will play an important role.
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.