The Arb's graph is following an Elliott wave pattern. Wave (4) has an a-b-c subwave structure, representing a correction wave. Currently, it is in wave 'a' of Wave (4), indicating a correction truncated zigzag. Wave 'a' is now complete. Wait for it to decrease to Fibonacci levels 0.382, 0.5, and 0.618, and then enter the trade at wave 'a' to target the truncated zigzag effect at Fibonacci 0.81 of the beginning of wave 'a'. However, if it does not decrease to Fibonacci levels, we will not trade.
Note
Long 1 at Fibonacci levels 0.5.Note
If there is a profit, protect your capital.Note
Invalid
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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.