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We got our move down in the red Wave C that we were talking about after we briefly took out the ATH which we warned about in our last Analysis. :)
The Wave C hit the 1.618 FIB at 117426 USD which is a common target in an expanding Flat as ABC. We did also touch the 0.5 FIB of the Wave 2 support area at 117150 USD. The price still could climb down a few more dollars into our Wave 2 support area but we expect a bounce soon. The blue Wave 2 support area lies between the 0.382 FIB at 118400 USD and the 0.786 FIB at 114118 USD.
Thanks for reading.
NO FINANCIAL ADVICE.
We got our move down in the red Wave C that we were talking about after we briefly took out the ATH which we warned about in our last Analysis. :)
The Wave C hit the 1.618 FIB at 117426 USD which is a common target in an expanding Flat as ABC. We did also touch the 0.5 FIB of the Wave 2 support area at 117150 USD. The price still could climb down a few more dollars into our Wave 2 support area but we expect a bounce soon. The blue Wave 2 support area lies between the 0.382 FIB at 118400 USD and the 0.786 FIB at 114118 USD.
Thanks for reading.
NO FINANCIAL ADVICE.
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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.