Updated
Matic short term short
We are going to correct to the huge price imbalance with the beautiful 4th corrective wave inside the third
Also there are couple of divergencies formed at few other TF with CCI
Possibly its just an ABC correction for the further downwards move. But right now short position looks legit.
Furhermore, we`ve reached 2.618 Fib which is usually a maximum target for the 5th Elliot wave cycle.
Also there are couple of divergencies formed at few other TF with CCI
Possibly its just an ABC correction for the further downwards move. But right now short position looks legit.
Furhermore, we`ve reached 2.618 Fib which is usually a maximum target for the 5th Elliot wave cycle.
Note
Boom. Here we go. After the wedge in the 5th final wave we shall see a 3 wave formation probably somewhere close to the top of the 1st wave or the 0.618 fibTrade closed: target reached
Stop loss to 0 - no risk in this trade nowNote
Still moving on
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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.