Looks like we are ending a wave 5 on the 15 min time frame. I set a stop at the 161% retracement fibonnaci not show for this one) from the top of wave 4 to the bottom of wave 5 if valid). Looking for a retracement of anywhere between 50% to 61% of the top of wave 4 to create our A wave. We might stat a new consolidation range here so lets see what happens. On the 4 hour time frame the A wave is already made. Price may want to retrace the high before further downside.
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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.