EJ is currently in its 5th impulse wave thus providing us with an ascending channel.
Best buys would be off the third touch of the channel trendline but if not, then a 4hr close above the 23.% fib area provides good bullish bias working through the extensions.
Again, we need to see a break of structure to go bearish!
Best buys would be off the third touch of the channel trendline but if not, then a 4hr close above the 23.% fib area provides good bullish bias working through the extensions.
Again, we need to see a break of structure to go bearish!
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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.