Here is what I think :)
Fibonacci retracement and extension:
W2 = 0.786 of W1
W3 = between 1.236 and 1.618 of W1,2
W4 = 0.382 of W3
The trend is up IF W5 manages to go higher than W3, by that I mean that we should wait for confirmation. Wait until the price goes above 1818.14.
I will not buy before confirmation.
Fibonacci retracement and extension:
W2 = 0.786 of W1
W3 = between 1.236 and 1.618 of W1,2
W4 = 0.382 of W3
The trend is up IF W5 manages to go higher than W3, by that I mean that we should wait for confirmation. Wait until the price goes above 1818.14.
I will not buy before confirmation.
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.
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.