ENG Potential next move
Updated
Seems very likely that ENGBTC moves up to target
Wave 3 finished almost exactly at a 1:1 extension of waves 1-2
A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point.
Buy in 32-28 area
Sell targets
Target 1: 34000
Target 2: 37000
Target 3: 40000
Wave 3 finished almost exactly at a 1:1 extension of waves 1-2
A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point.
Buy in 32-28 area
Sell targets
Target 1: 34000
Target 2: 37000
Target 3: 40000
Note
Target 1 reached: 7.5% profit
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