Shorter timeframe situation
Updated
Following up with the previous idea, I believe for the shorter timeframes (<30 mins), we could be possibly in the making of smaller degree ABC correction to the downside targeting ≈0.45.
Trade active
Lingering around the 0.382 fib extension from the bottom of the last dip to the local high. I'm still expecting another dip for the completion of the C subwave for (ii) at 0.618 fib extension (≈0.468).Trade closed: target reached
Bullseye! 0.618 fib hit at around 0.468!Profits taken.
Waiting for confirmation for long position entry.
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