We've seen a massive impulse mid 2024. We are now in an ABC correction. We are currently in wave B of the correction, subwave B. Expecting subwave C to complete wave B.
We're looking for a rejection of the fib zone and a drop of over 700pips.
Trade idea: - Watch for rejection of fib zone - Once rejection appears, enter with stops above the highs - Targets: 86 (350pips), 83 (700pips)
Once we've completed this move down, we'll be looking for longs. We'll update this setup if there's enough engagement.
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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.