Updated
LEND looks like more retracement coming
Primary wave 4 retracement would fall between .382-.5 of waves 1-3
Extended wave 3 so we should assume .786 extension of waves 1-4
If lend were to go to the bottom of the channel .786 extension would line up with 2.618 extension of waves 1-2
Wave 5 end lines up with a very strong resistance point
Would not enter this trade until 830-850 range or bottom of channel is touched.
Target 1: 1084
Target 2: 1197
Target 3: 1298
Extended wave 3 so we should assume .786 extension of waves 1-4
If lend were to go to the bottom of the channel .786 extension would line up with 2.618 extension of waves 1-2
Wave 5 end lines up with a very strong resistance point
Would not enter this trade until 830-850 range or bottom of channel is touched.
Target 1: 1084
Target 2: 1197
Target 3: 1298
Note
Buy range has been hit. Lets see where this goes
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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.