3159 is the invalidation level of the red impulse C.
It is key. If/when we breach it, it will indicate either:
1) we are in the extended 5 of an impulse off the V-bottom
2) or we are at the beginning of W3 and are about to break the base channel.
It is key. If/when we breach it, it will indicate either:
1) we are in the extended 5 of an impulse off the V-bottom
2) or we are at the beginning of W3 and are about to break the base channel.
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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.