We reached the 161.8% Fib projection level which is the ideal termination point for wave 3.
We could go down to 18.90 but in any case, we should start to see price slow down and find support.
So, start to reduce your short positions!
I expect the following move to be a wave 4, which are very tricky and take quite some time to finish.
If we start to see a sharp reversal taking an impulsive look, we then need to look for reasons to buy.
Previous post :
We could go down to 18.90 but in any case, we should start to see price slow down and find support.
So, start to reduce your short positions!
I expect the following move to be a wave 4, which are very tricky and take quite some time to finish.
If we start to see a sharp reversal taking an impulsive look, we then need to look for reasons to buy.
Previous post :
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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.