Reasons for trade:
- The current wave (correction) looks to be coming to an end. Divergence appearing on the MACD between the first impulse down and the current impulse down.
- Based on corrective structure having a minimum 3 waves, I expect one more move up to complete bigger picture correction.
- TP would be around the 78.6 level. If the current wave's low is at the 78.6 level.
- The current wave (correction) looks to be coming to an end. Divergence appearing on the MACD between the first impulse down and the current impulse down.
- Based on corrective structure having a minimum 3 waves, I expect one more move up to complete bigger picture correction.
- TP would be around the 78.6 level. If the current wave's low is at the 78.6 level.
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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.