Looking for Wave 3 to complete (Wave C) within 446.86 / 450.48 / or 456.33 levels.
Once we have a confirmed rejection, I will be looking for another pullback in ABC wave fashion. If we fail to hold 439.50 on any pull back, I expect to see 5 waves down to complete Wave Y of this correction wave.
Bullish scenario:
We complete this 3 wave up with a minor 4 wave (ABC) down that holds above 439.50 - 439.60. On this scenario, we likely complete a wave 5 up towards 462-471.
Best of Luck!
Once we have a confirmed rejection, I will be looking for another pullback in ABC wave fashion. If we fail to hold 439.50 on any pull back, I expect to see 5 waves down to complete Wave Y of this correction wave.
Bullish scenario:
We complete this 3 wave up with a minor 4 wave (ABC) down that holds above 439.50 - 439.60. On this scenario, we likely complete a wave 5 up towards 462-471.
Best of Luck!
Trade closed: target reached
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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.