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Not a bad area for a turn here. Hitting some resistance, some Elliott Wave Fibs and some geometry. BUT the bounce up appears to be a 3 wave move and a swift move down, which may suggest it is just a correction and more down is coming. Some kind of truncation could have occurred but would need to see some swift upwards to confirm. Watching this retracement. If it comes up to at least the .50 in a corrective move, that could be an indication the down is come. IF it heads down, there is some nice previous resistance that could be as support.
Any questions or comments, please leave a comment!
Also, check out the links in my signature to get to know me better!
Cheers!
Not a bad area for a turn here. Hitting some resistance, some Elliott Wave Fibs and some geometry. BUT the bounce up appears to be a 3 wave move and a swift move down, which may suggest it is just a correction and more down is coming. Some kind of truncation could have occurred but would need to see some swift upwards to confirm. Watching this retracement. If it comes up to at least the .50 in a corrective move, that could be an indication the down is come. IF it heads down, there is some nice previous resistance that could be as support.
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Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
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More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.