After falling to X (94.90), rising to XI (95.68), then reversing to the reversal point at 120% (94.60), confirming the bearish trend.
At present, the H4 wave group (1) (2) (3) has the rule of recovery at wave (2), according to symmetry wave theory waiting for adjustment of waiting zone (80-100%: 95.08-95.32). Hit down the Weekly timeframe
The 3 Elliot rule targets are:
- 38.2 fibo: 93.64
- 23.6 fibo: 92.85
- 0 fibo: 91.57
stop loss: at wave (2) 95.74
At present, the H4 wave group (1) (2) (3) has the rule of recovery at wave (2), according to symmetry wave theory waiting for adjustment of waiting zone (80-100%: 95.08-95.32). Hit down the Weekly timeframe
The 3 Elliot rule targets are:
- 38.2 fibo: 93.64
- 23.6 fibo: 92.85
- 0 fibo: 91.57
stop loss: at wave (2) 95.74
Note
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Related publications
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.