A subwave 2 of a Wave 3 has possibly finished. Use fib levels to forecast buy and sell targets. For example, based on EW, fib levels, and Wave 1’s length, a safe sell target should be at 2.236 level followed by buy target at 1.618 level after a retracement.
(Edited above to change “subwave 1’s length” to “Wave 1’s length”).
Check out my linked idea to see the recently completed falling wedge pattern correlated with other bullish patterns.
(Edited above to change “subwave 1’s length” to “Wave 1’s length”).
Check out my linked idea to see the recently completed falling wedge pattern correlated with other bullish patterns.
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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.