We have a nice 5 wave rise from 6270 and now we're nearing the end of a 3 wave correction.
Support is around previous wave 4 and the 50% Fib retracement level.
Ideally we could go a bit lower to the 61.8% level or even the 78.6% which would then give even better R/R.
But in any case, as long as we remain above the invalidation level, we should go higher !
Support is around previous wave 4 and the 50% Fib retracement level.
Ideally we could go a bit lower to the 61.8% level or even the 78.6% which would then give even better R/R.
But in any case, as long as we remain above the invalidation level, we should go higher !
Note
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Note
Count got invalidatedNote
Bullish view remains still though.More information on my private group !
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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.