Dear Colleagues, price has made a deep correction and now I suppose an upward movement has started. Wave 1 and corrective wave 2 (1.08695) have been formed, which can still update the low a bit, but if wave 3 has already started its movement, then I expect the price in the area of 100% Fibonacci extension at 1.09816.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
The price showed a deeper correction than I expected and tested the more forked support area at 1.08214. I do not cancel this forecast, because I suppose that the price will resume the upward movement and will rush to the target of 1.09816.The price gives us an opportunity to enter a long position more favorably.
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
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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.