It looks like we are about to bounce off the major resistance shown at the top of wave 3.
Support at about 9000 matches with 0.618 retracement of the wave 3 impulse with a final impulse going to the highlighted area.
Support at about 9000 matches with 0.618 retracement of the wave 3 impulse with a final impulse going to the highlighted area.
Note
My only ocncern with this is it leaves waves 1 and 3 of the higher wave form at roughly equal lengths
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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.