Seems like we've broken out of the Leading Diagonal or Ending Diagonal trend line
Reasonable Long position to expect a retracement (to the upside) to fair value at around 0.5 Fibonacci Retracement, as Wave B or Wave 2
Reasonable Long position to expect a retracement (to the upside) to fair value at around 0.5 Fibonacci Retracement, as Wave B or Wave 2
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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.