We've been tracking this chart for 2 weeks and till now its going as per plan. Now the recent move down and bounce appear to be wave 1 & 2 of red wave (5). Note how we are getting resistance at 0.618, which is typical of wave2
confirmation is below wave1
Stop is beginning of wave1
Targeting 20-21 cents
Previous plan
confirmation is below wave1
Stop is beginning of wave1
Targeting 20-21 cents
Previous plan
Note
Stop hit. But as long as the price is within the green channel, I will consider this as a corrective bounce with the bottom target unchanged
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Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
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.