Wave counting.
Looks to have completed an ABC correction perfectly placing itself on that 0.786 level.
I believe that this is now going to head down to the noted target of 1.239 area.
Let me know what you think!
Looks to have completed an ABC correction perfectly placing itself on that 0.786 level.
I believe that this is now going to head down to the noted target of 1.239 area.
Let me know what you think!
Trade active
It has now fallen back into the descending wedge which began back at the April hights. Can now assume that the recent move which sent it out of the wedge was a false breakout which has potenitally trapped a few bulls after shrugging off some of the bears when it broke out.
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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.