The 618% retracement level from covid crash is around $410, the impulsive 5 down off the C wave has hit all the fib levels, the 3 tested the 1.618% around $900 in June, then the 4 tested the 382% retrace level.
Then the second wave of the 4th rejected off the 618% level.
Now likely breaking down from major support at $1,200 to finish the 5th wave around $400 level. After that we can re analyze.
Then the second wave of the 4th rejected off the 618% level.
Now likely breaking down from major support at $1,200 to finish the 5th wave around $400 level. After that we can re analyze.
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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.