Looks like we are completing 5 waves for this wave red wave ((c)) of B/2, which means reversal is around the corner.
If the price goes above that red neckline, it would indicate the bottom is in and we will then see price rally higher towards 0.73.
Notice also that we are at the 61.8% retracement level of previous blue wave A, which is often a reversal level.
Place stop at last low once you get in and you should be good to go.
If the price goes above that red neckline, it would indicate the bottom is in and we will then see price rally higher towards 0.73.
Notice also that we are at the 61.8% retracement level of previous blue wave A, which is often a reversal level.
Place stop at last low once you get in and you should be good to go.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.