In this recent study for 
VETUSD, we were waiting for price action to touch our TP -- and it did:
A successful movement into Wave 5 territory has been fulfilled, but has it actually completed?
Are we now entering a pullback or corrective trend?
If so, what are the levels for us to watch out for?
Here's a theoretical pullback levels -- assuming we have fully and surely completed this current impulsive 5th Wave:
A TP of $0.10 would be a confirmation that a pullback is nearly fulfilled.
Currently, RSI is at overbought levels and trying to revert back to normality.
Until the pullback is realised, we are still within a bull trend, and further highs are not to be ruled out!
VETUSD, we were waiting for price action to touch our TP -- and it did:A successful movement into Wave 5 territory has been fulfilled, but has it actually completed?
Are we now entering a pullback or corrective trend?
If so, what are the levels for us to watch out for?
Here's a theoretical pullback levels -- assuming we have fully and surely completed this current impulsive 5th Wave:
A TP of $0.10 would be a confirmation that a pullback is nearly fulfilled.
Currently, RSI is at overbought levels and trying to revert back to normality.
Until the pullback is realised, we are still within a bull trend, and further highs are not to be ruled out!
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Related publications
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.