Short

Algo Target Golden Pocket

Updated

I see us testing the low 0.019's. Confluence between the golden pocket of the the entire rally up the and first projected algo target -23% fib level

Note

So far everything is happening as expected. One more impulse down to go and we I'll have our 5 waves down into the green rectangle. If this level is breached will probably mean that all this move up was only a correction before going much much lower. Closing a candle above 0.02140 will invalidate this count too.

Trade closed: stop reached

Count invalidated. Truncated 5th wave. Candle closed above wave 1 territory.

Note

Target still reached but it has to be another wave count. Going much lower after a bounce is a possibility

SyferCV

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