Beware of the 5th Wave Down
TOTAL Beware of the 5th wave down…
Back in August 2024 the final 5th wave down was a signal that the correction was over. We found support at the 0:1.618 reverse fib retracement.
TOTAL appears to be demonstrating the same cause building event for another 5th wave down since we topped at 3.73T in December.
If this is the case, we may be looking for support at the 0:1.618 reverse fib retracement plotted at the green rectangle.
Trade with caution and good luck!
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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.