After a 5 wave impulse move it corrected exactly 0.618 which is the standard wave 2 correction.
And on a weekly chart it reversed with a morning star doji.
So seems like this is a sweet spot to be in - start of wave 3
Even otherwise, in case its wave A of Flat correction, we can expect Wave B which should take it to 160 to 170.
And on a weekly chart it reversed with a morning star doji.
So seems like this is a sweet spot to be in - start of wave 3
Even otherwise, in case its wave A of Flat correction, we can expect Wave B which should take it to 160 to 170.
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.
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.