We just finished a bearish 5 wave move so we are excpecting a pullback to at least the 50% of the bearish 5 wave move
As you can see here the ab wave of the correction have already been made but it could also be a 12 wave we are assuming that this will be a abc correction to be more conversative we are also seeing multiple confluences for the C TARGET a harmonic point D will be created the wave 3 target and the A=C and a resistance line
We are ready to buy here it rejected the 38.2 %
profit zone and stop loss
stop loss :1.38640
tp1:1.39922
we will probably enter a sell once the target has been hit
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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.