in the comments, I analyze daily and H4 timeframe of this chart
the first target zone contains fibonacci 162% of wave 1:3:C to fibonacci 100% of wave 1:C next target zone contains fibonacci 262% of wave 1:3:C to fibonacci 162% of wave 1:C
if price break every target zone we can take a position for after target zone...don't forget the stop loss for your trade
price is in 5 wave of 5 wave of 5 wave...it's can be an excellent position
first see previous chart...in this chart we check wave 5 of 5 for previous chart...it looks wave 5 of 5 completed also looks price is in a double bottom pattern
we are in wave 5 of 5 and the price is near the fibonacci expansion 61.8% of wave 1 and fibonacci expansion 38.2% of wave 1 to 3.the zone between the two fibonacci is a resistance zone too.now we check the chart on H1 timeframe in next chart follow me please...
Sell position...stochastic oscillator show over buy...the price break trend line and resistance zone...and we see Engulfing pattern for candles