This is just a zoom in on the sub-waves of my macro chart I posted earlier. We bounced off the .618 nicely for blue wave 2. It's also respecting the 20MA on the Bollinger Band. Staying on the upside of the bad is key at the moment as that is also about where the .618 for wave 2 lands. If you haven't read my other chart I wouldn't be surprised if this moves sideways for a big before moving up.
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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.