We are probably in the 4th wave of a 5 wave structure. Therefore the price will retrace to the calculated confluence zone to end its internal subdivision ( wave C ).
Trade closed: target reached
The confluence zone was reached and the position was closed with a nice profit.
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Related publications
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.