We're probably in W-2 of the overall W-3 down. We also had a similar W-2 up last in march of the W-1 down. If we replicate the march W-2 onto the current chart - this is what we get. It also aligns well with the Fib retracement of the W1 of W3 down. I'm curious what happens next, so here's the published idea!
Note
It seems we've reached the. 0.5 - 0.618 range earlier than expected. Next week should be interesting.
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.