I think we are in the wave 4 retracement, for a downward impulsive wave.
Wave 2 retrace to between 0.23 and 0.38 fib levels, so I hink were gonna go to 0.618 fib level in wave 4, which we have ust saw and bounced from. I think theres gonna be one move wave down.
Short market price 2.69
stop loss 2.79
take profit at 1.39 (below 2.6 because wave 3 went to below 1.6)
Wave 2 retrace to between 0.23 and 0.38 fib levels, so I hink were gonna go to 0.618 fib level in wave 4, which we have ust saw and bounced from. I think theres gonna be one move wave down.
Short market price 2.69
stop loss 2.79
take profit at 1.39 (below 2.6 because wave 3 went to below 1.6)
Trade closed: stop reached
Stop reached for this trade, wave was not over yet
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.