An area for perfect ABC correction (AB=BC) completion is reached at around 0.618 Fib retracement of the previous impulse leg. It means that another impulse to the down side might be on the way. Small position might be taken at current level and add to it after breaking below b point.
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.