TLOS made new local low and likely triggered lower targets. Indicators signaling oversold conditions so bounce up incoming but do not think this will be a reversal. I expect volatility in both directions from here and eventually we should get again test of fibb 0.236 pivot range.
Trade active
We dipped straight to fibb 0.786 S/R range without any bounce up. We are now historically oversold and have done what it seems complex correction. Plan remains - bounce up and test of fibb 0.236 S/R range where we have X-wave pivot.
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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.