(Green) I see a good wave 1 then a perfect retracement to wave 2 (.618) , Now it looks like it should tank way down past .9200
(Blue) smaller waves inside of the larger picture. Another perfect .618 retrace of the first wave.
Also there is a channel forming with also gives a good indicator price will be dropping past .9300 (hopefully by the end of the week)
(Blue) smaller waves inside of the larger picture. Another perfect .618 retrace of the first wave.
Also there is a channel forming with also gives a good indicator price will be dropping past .9300 (hopefully by the end of the week)
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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.