Bearish scenario:
1: wave (b) retraces to fib level 0.5 (red fib, red arrow)
2: wave (c) = .786 of wave (a) (yellow fib, yellow arrow)
...which matches $4500 level
...which matches wave C = 1.0 wave A (blue fib)
1: wave (b) retraces to fib level 0.5 (red fib, red arrow)
2: wave (c) = .786 of wave (a) (yellow fib, yellow arrow)
...which matches $4500 level
...which matches wave C = 1.0 wave A (blue fib)
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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.
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.