Buying (with SL below the low) in the boxed area seems to be a good idea.
It's the 0.618 retracement of the upmove and the 1.272 extention of the recent first corrective downmove.
This is not a tarde call, better trade wisely. your risk!
It's the 0.618 retracement of the upmove and the 1.272 extention of the recent first corrective downmove.
This is not a tarde call, better trade wisely. your risk!
Note
you hae a sell setup now and may want to take this on the waiting for the long trade meanwhile.Note
it is slow, but i still wait for the 1.272 to be hit and then looking for long entryOrder cancelled
initial idea seems to invalidated soon. the price action looks like it will soon break to the upside but i am still suspicious
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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.