Following fifth extended wave, the ensuing correction can find support at wave 2 of extended (5)th @ 1177.x
1177 is also a target for (c) = 1.618 (a)
Another reversal zone might be @ 1170.x - head and shoulders target and low of wave (4), but I think it is less probable.
1177 is also a target for (c) = 1.618 (a)
Another reversal zone might be @ 1170.x - head and shoulders target and low of wave (4), but I think it is less probable.
Note
Good point if you're considering taking short position with tight stop
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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.