TRX may not break straight out into a wave 3, it could take longer depending on the market, my lines do not show in anyway how this will occur as I have not went into a smaller time frame to count subwaves - it's just an example! If a breakout does occur then your targets are the 1.618, 2.618 or 4.272 regions. As stated, be careful when buying the breakout for bearish divergences on a 1-4hour time frame as it could be a shorter term bull trap which may lead to buyers remorse!
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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.