Made a spike down but retraced it just as fast and is now going up, for the last time hopefully.
Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039.
As you can see, the 38.2% retracement level has been hit, which is the minimum required.
So, if we see price go down right away, the count still remains a valid one.
If on the other hand we see a new high, we will need to get back to the drawing board.
Ideal retracement zone is the 61.8% level but we could see it turn a bit sooner, around 9.039.
As you can see, the 38.2% retracement level has been hit, which is the minimum required.
So, if we see price go down right away, the count still remains a valid one.
If on the other hand we see a new high, we will need to get back to the drawing board.
Note
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Note
We got that expected rise in clear 5 waves which stopped at the 78.6% retracement level.We mgiht just have started the reversal now
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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.