I predict a five-wave pattern that we are now in wave 4 correction. The most important support for the correction wave is 0.618 Fibonacci in the range of $ 1 and 0.786 Fibonacci in the range of 0.7325 $. And if the 0.786 Fibonacci support fails, the analysis will be violated and I expect more to fall. If we return to the main uptrend and start the fifth wave due to the long third wave, we expect a shorter fifth wave and probably can not move more than $ 3. I place my orders in three steps of $ 1, $ 0.98 and $ 0.7325, and I set my loss limit slightly below $ 0.73.
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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.