Hi Traders.
we are still on the WXYZ correction pattern, and in this case we are completing our last x move to the upside, wait for the market to break the WX support line and go short and close your trade around the 61.8 area , wave E might take a while, you can maximize your profit by trading the flags that form on our wave E, you can even trade this pattern on shorter time frames. after the completion of E or X in that case we expect a strong move to the downside so watch out for that as well.
Thank you.
we are still on the WXYZ correction pattern, and in this case we are completing our last x move to the upside, wait for the market to break the WX support line and go short and close your trade around the 61.8 area , wave E might take a while, you can maximize your profit by trading the flags that form on our wave E, you can even trade this pattern on shorter time frames. after the completion of E or X in that case we expect a strong move to the downside so watch out for that as well.
Thank you.
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.