Now that we have clearly finished wave 5 of the previous move we are on Wave 1 of the current move. Wave 2 will often retrace as far down as the 61.8 or 78.6 Fib level of Wave 1. As you can see on this chart it looks like Wave 1 has topped out just over $10K and is pulling back to put in the bottom of Wave 2. If this plays out to the lower fibs I plan to add to my longs down around those level. If it does not pull back that far I'll just sit on what I have and ride it to the upside.
Good luck and have a nice day!
BBS out.
Good luck and have a nice day!
BBS out.
Note
Maybe something like this?Note
If it drops down one more level it looks like the 61.8 might be as far as it goes. It could extend to the 71.8 but it looks really reluctant to move down. It might spike down and then take off.Note
I got my fill. Now let's turn this thing North!Trade closed: target reached
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.
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.