New Flat Correction counts on 4 hour time frame

Rejection from any of the fibo level can lead the price to 1980 but the rejection has to be happened after forming ABC formation.

Note

Price is almost done with ''A''

An ending diagonal is visualized in 5th wave of A.

A fall may happen from the grey zone and price will start its ''B''

Note

Price needs to break 23.60% Fibonacci level for changing direction or else price will move up

Note

8 minutes left to close the candle.

So far it is looking good.

Note

Lets wait for a retest ..... if it successfully retests this 23.60% then our first target will be 38.20% (2016)

Second target will be 50% (2010)

Third target will be 61.80% (2004)

And maximum target will be (1994)

Note

Price is close to our first target.

Trade active

mamnunamalik

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mamnunamalik

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