As you can see in my chart, we have now completed waves 1 & 2. Wave 3 will now begin and I'm expecting the wave to extend to the 1.618 Fibonacci Level or 1.382 at the very least. We had an Irregular correction which allowed Wave 4 to go into the price area of Wave 1.
We have just went through an extended correction which means we will have a strong move once the correction has ended.
Place a stop-loss just underneath of Wave 1.
Stay thirsty my friends,
-AB
*educational only
We have just went through an extended correction which means we will have a strong move once the correction has ended.
Place a stop-loss just underneath of Wave 1.
Stay thirsty my friends,
-AB
*educational only
Trade closed: target reached
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Disclaimer
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.