Wave Count:
- Wave C
Reason(s) to short:
- Bearish divergence at 1 hour time frame
- Reached the channel top
- Reached the 1 trend-based Fibonacci extension
Note:
- This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.
- Wave C
Reason(s) to short:
- Bearish divergence at 1 hour time frame
- Reached the channel top
- Reached the 1 trend-based Fibonacci extension
Note:
- This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.
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.
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.