SB #11 possible A-B-C correction
The awesome oscillator shows the downward trend is over by divergence between the 3 and 5. The next move appears to be the a-b-c correction that would form a wave A.
Fibo ratios are in place suggesting the next possible targets. Weekly chart turning bullish with MACD divergence.
I know the big drop today is somehow scaring (good volume tho), so to be on the “safe-side” I would suggest buying at levels close to today’s high with a stop-loss somewhere on the channeling (in light gray).
Bottom line: The end of a downward trend is clear and it gives a good opportunity to trade a correction wave with reasonably low risk.
Fibo ratios are in place suggesting the next possible targets. Weekly chart turning bullish with MACD divergence.
I know the big drop today is somehow scaring (good volume tho), so to be on the “safe-side” I would suggest buying at levels close to today’s high with a stop-loss somewhere on the channeling (in light gray).
Bottom line: The end of a downward trend is clear and it gives a good opportunity to trade a correction wave with reasonably low risk.
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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.