ZIGZAG PATTERN /Analysis with Fibonacci
We are witnessing an ABC pattern. It seems the trend will touch D (61.8 level of fibo ) and from there we will see a downtrend to the E (CD extensoin 1.272)
This level will be a strong signal for long position (Fibo projection ABE: level 1)
This level will be a strong signal for long position (Fibo projection ABE: level 1)
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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.