1). Price is very likely heading towards the fair Market value @ 123! 2). Risk Assets are Weak today on US$ strength! 3). BANKS ARE SELLING! 4). Volume is dropping. 5). Trendline is intersecting with target fib. level 100% TOWARDS 123! 6). Corrective wave C is likely dropping to complete wave 4. 7). At the bottom of wave 4 we will look for a long (Buy) position!
Trade active
Earnings came out 3% higher, which gave it a boost to complete wave five and likely a good selling position since it’s over bought! 👇Note
Typically, at 200% the chart is due for a significant pullback correction!↘
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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.