Short
TTCF target 21 for ABC retracement
We do seem to have a clear 5 waves up off the lows made earlier in the month, and coming off those highs, we currently only have 1 wave down. For a full retracement, we need an ABC pullback, so that could include a B wave bounce to around 24, and then ending in the C wave around 21. If this is the case, then there could be a more long-term bullish outlook, because of the macro 1-2 start.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2020
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a solicitation nor is it tax or legal advice. It does not consider your financial circumstances and objectives and may not be suitable for you.
Copyright Rohan Karunaratne 2020
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.
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.