Thou shall not pass 500DMA! We appear to be done with 5 waves (yellow) from the lows with 335% hike, this is impressive. But I believe we are in an ABC correction now where A (white 1-5 sub-waves) and B (green ABC) are done. The green boxes are hopeful targets to get support for the C wave (red 1-5 subwaves)
This structure becomes invalid if price goes above $100
Take Care. Use Stop Loss
This structure becomes invalid if price goes above $100
Take Care. Use Stop Loss
Note
We briefly crosses the $100 and then quickly dropped. Tracking the update here
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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.