ADA/USD 8D and 9D charts show RISK of correction before ATH
Today we have a new 9 day chart. While we wait for several of the multiday charts to close (and a new weekly and 2 week chart at the end of the weekend), I take a look at the indicators in the 8D (5 days left) and 9D (new) charts.
Overall, there is increasing risk of a correction to or below 1.00 starting the middle of next week and through the end of the month. There is no confirmation yet. We will know more in 5 days, but the signal is showing up in multiple timeframes now making the signal stronger.
Let's continue to watch the next five days, and be prepared to take advantage of an excellent buying opportunity should this scenario play out.
Good luck and good fortune!
Overall, there is increasing risk of a correction to or below 1.00 starting the middle of next week and through the end of the month. There is no confirmation yet. We will know more in 5 days, but the signal is showing up in multiple timeframes now making the signal stronger.
Let's continue to watch the next five days, and be prepared to take advantage of an excellent buying opportunity should this scenario play out.
Good luck and good fortune!
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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.
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.