*Wait for the bearish momentum to be sucked at the temporary support level at around 45.00 (61.8 Fib Retracement) and go Long.* *This bearish breakout was Corrective Wave 2.* * Impulsive Wave 3 is impending soon, however only go long once the bull candle closes above the support area. *Aim for 50.00 level. (1.618 Fib Extension).
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.
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.