Waves finished its correction and is on its way back up, together with lots of positive developments last days.
Broke out of downtrend, now retesting that trend, wait for breakout for leg 5.
Target in blue box, based on Fibonacci extensions.
Broke out of downtrend, now retesting that trend, wait for breakout for leg 5.
Target in blue box, based on Fibonacci extensions.
Note
Here is your breakout!tradingview.com/chart/Z1iG7mSF/
Note
Price made an extra push into the targetbox but also made a trend reversal pattern what is indication for pullbach which is happening right now.If this is the top for (B), I'm expecting a nice retracement to the next blue box which is close to the trendline. Coincedence? I dont think so ;-)
If we reach blue box, watch price action if we get next move up. My bigger view shows a rise to 0,003 middterm.
Note
Price made a bearish flag alongside the trendline. Breaking it was sign to close the trade as it seems that the ABC correction is going deeper. Check also my previous update above here where I warned for that.Bases on latest movement, targetbox where support could be found and we might start a new cycle
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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.