Only if this is a double correction.
Or else the X wave will be the 1st wave and the current one will be 3rd wave.
Or else the X wave will be the 1st wave and the current one will be 3rd wave.
Note
I ain't convinced yet about this rejection.
If price breaks the 23.80%, then further fall will be expected.
Trade active
LETS SEENote
If price breaks the upper trend line of the channel, only then I will consider this current move as an impulse or else this is the wave B of the flat correction.
Note
Note
The upper channel is not broken yet
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This is still possible.
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If you see a strong rejection from 81.20% in 15 minutes chart then you can go for short position.
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Explosions heard in Tel Aviv, rocket landed off of the coast, no casualties reported - Israeli Media reports.This war thing is so bad for technical analysis.
Literally U Turn ...
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Evening Star at 81.20%
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If US CPI comes negative then this zone long will lead to new all time high
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Go for long only if the upper channel is broken
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Upper channel line is broken ...
New impulse draft is coming
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Upper channel line is broken ...
New impulse draft is coming
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A strong rejection with a bullish candle from any of these fibonacci level will open our long position in 15 minutes chart.
This is the new draft for impulse wave:
Note
Rejection from any of these fibo level will lead more downward fall
Note
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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.