Dear Traders,
Formation of Zigzag Correction is 5-3-5 which means A has 5 moves B 3 moves and C 5 moves.
And the B will retrace maximum 50% of A which has done today.
We can see clear rejection from 50% retracement.
Now price is in impulse C which will have 5 moves.
1st move of C is happening right now which means we still have opportunity to grab more sell position once price will start the 3rd and 5th move of C.
Enjoy and Trade simple.
Formation of Zigzag Correction is 5-3-5 which means A has 5 moves B 3 moves and C 5 moves.
And the B will retrace maximum 50% of A which has done today.
We can see clear rejection from 50% retracement.
Now price is in impulse C which will have 5 moves.
1st move of C is happening right now which means we still have opportunity to grab more sell position once price will start the 3rd and 5th move of C.
Enjoy and Trade simple.
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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.
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.