Market just finished 1 to 5 Elliot wave and a Flat ABC correction, we are expecting to see retrace to a 50% fib zone, since we just bounced off of a strong demand zone
Indicators:
AROON: Shows strong bullish momentum EMA: We crossed 20 EMA zone and close to crossing 50 that means we are going bullish
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.