5th wave coincide with support line.
all in, this is a movement of retracement x, way passed the normal 0.618-0.786 level, and will surpass the equal leg 1.00 level as there is no immediate and significant support therefore my best bet is the 1.13 level.
all in, this is a movement of retracement x, way passed the normal 0.618-0.786 level, and will surpass the equal leg 1.00 level as there is no immediate and significant support therefore my best bet is the 1.13 level.
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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.