I predict he will down again follow Daily timeframe
H1 timeframe has already rule retracement for sell
80/20 rule is applied for count wave
120% fibo extension is applied for reversal (stoploss here)
Elliot rule wave is applied for target 1 (wave 3), target 2 (wave 5). 61.8 (wave 1), 38.2 - 23.6 (wave 3), 0 fibo (wave 5)
H1 timeframe has already rule retracement for sell
80/20 rule is applied for count wave
120% fibo extension is applied for reversal (stoploss here)
Elliot rule wave is applied for target 1 (wave 3), target 2 (wave 5). 61.8 (wave 1), 38.2 - 23.6 (wave 3), 0 fibo (wave 5)
Note
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Related publications
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.