Betting on an extended B wave here. The indicators are reflective of the recent upward price action and in agreement wit the idea of more upward momentum and volatility. Usually extended B Waves, when confirmed go to 1.2 Fib extension, never surpassing the 1.618 figure. This classic teaching sure proved to be accurate in our practice. Good luck!
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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.