The previous idea was aimed at updating the maximum of 1.18280, but the correction turned out to be too deep.
Therefore, I am proposing a new idea. I believe that wave “3” has formed, and now we should see the completion of the correction in wave “4,” after which I expect to see an upward movement in wave “5.” My target is at least the high of wave “3” — the resistance area of 1.18280.
As for the correction, I think it could reach the 1.15459 area, but I recommend working with pending orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Therefore, I am proposing a new idea. I believe that wave “3” has formed, and now we should see the completion of the correction in wave “4,” after which I expect to see an upward movement in wave “5.” My target is at least the high of wave “3” — the resistance area of 1.18280.
As for the correction, I think it could reach the 1.15459 area, but I recommend working with pending orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
The price has reached the support area of 1.15459, but I think this level may be retested.Either way, I think we will soon see the start of an upward movement in wave “5.”
Note
I am concerned about the 1.17210 level, because it will be quite difficult to break through it now. The situation is becoming similar to the formation of a flat, which does not fit into the current model and may mean that the higher-order wave “5” (red) has already been formed.Well, let's watch the price this week.
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
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.