I'm considering the entire move as a red ABC where C = 1.23x of A
What we saw is an extended blue 5th wave having another extended 5th subwave within which had a 100% move
Expecting a drop to 21WMA or 0.382Fib/0.5Fib
RSI also losing steam
What we saw is an extended blue 5th wave having another extended 5th subwave within which had a 100% move
Expecting a drop to 21WMA or 0.382Fib/0.5Fib
RSI also losing steam
Trade closed: target reached
Expected 50% drop, got 70% and hit (almost) our 0.5Fib target
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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.