Here I display what I saw as a potential motive(impulse) wave with wave wave 2 respecting the start level of wave 1 and wave 3 targeting the 1.618% level where price found resistance.
Then we saw the wave retracement which I assume might have found support around the 50% fibonacci level, and now I am expecting price to grow and at least to clear the recent high.
A happy trading to you all.
God Bless You.
Then we saw the wave retracement which I assume might have found support around the 50% fibonacci level, and now I am expecting price to grow and at least to clear the recent high.
A happy trading to you all.
God Bless You.
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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.