AB=CD pattern finishes.
The price reversal zone is between 1126 and 1137, which means that from here, prices will fall to 1090.50, 1060, and 1035 as T1, T2, and T3, respectively.
Stop loss shall be above the stop zone, hence a few points above 1137 is a good level for a stop loss.
The major trend is bullish. Therefore the targets will be smaller, which will be part of a retracement rather than a reversal.
The price reversal zone is between 1126 and 1137, which means that from here, prices will fall to 1090.50, 1060, and 1035 as T1, T2, and T3, respectively.
Stop loss shall be above the stop zone, hence a few points above 1137 is a good level for a stop loss.
The major trend is bullish. Therefore the targets will be smaller, which will be part of a retracement rather than a reversal.
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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.