It looks like the new impulse up is underway as we broke above the 92.50 (wave 1 of wave 5 in wave C of wave (4)).
The target for the last wave 5 up is set at the 61.8% of waves 1-3 distance and is located at the 107.60 level.
It is below the upside of an uptrend and looks achievable.
The target for the last wave 5 up is set at the 61.8% of waves 1-3 distance and is located at the 107.60 level.
It is below the upside of an uptrend and looks achievable.
Note
move stop to break-even and enjoy the safe travelTrade closed manually
I don't see it as the 5th wave up, so better book profit and watch
as this structure looks more like a correction of the impulse down
short opportunity could arise but later
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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.