Entry zone between 1.2575 and 1.25
The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C).
144-day Gann cycle causes major turns in trends.
The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505.
Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest 13th, 2019 to the leg C) as well as the 4.8th inner harmonic at 1.365.
The entry zone is the 50% Fib extension of AB as well as the end of the corrective wave (C).
144-day Gann cycle causes major turns in trends.
The 2/8th inner harmonic is a natural and powerful pivot and it rests at 1.2505.
Initial target is the combination range of 1.3567 - 1.3637 (61.8% extension of the swing low on Auguest 13th, 2019 to the leg C) as well as the 4.8th inner harmonic at 1.365.
Trade active
Daily support appears to be found against the daily Senkou Span B. In addition to this, there is bullish divergence between the RSI and the CI.Trade active
Weekly levels are equally supportive. Weekly Kijun-Sen is in the buy zone.
Depending on how the weekly candlestick closes, we could get confirmed Hidden Bullish Divergence between the RSI and CI.
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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.
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.