Had a complex ABCDE correction with GU, then a first wave with a 38.2 retracement and then the 3rd wave extended to 161.8 fib extension. Looking for retracement to the 50 fib for wave 4 which is also the 38.2 fib for the 1st to 4th wave so confluence between fib levels. Then looking for price action to support a long position
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.