Price is currently consolidating within a symmetrical triangle pattern. Look for a breakout from the triangle below .236 fib support level for a larger move down.
Leg DE of ABCDE wave sequence would be completed at the .382 fib support level.
Good Luck!
Leg DE of ABCDE wave sequence would be completed at the .382 fib support level.
Good Luck!
Note
Price broke from the triangle and first tp1 was hit now looking for tp2 at .382 fib support completing leg DE.
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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.