For this setup we have:
-Elliott Wave ABC correction pattern & channel
-Major 61.8 retracement
Perfect ABCD projection within Elliott Wave channel
-Major counter-trendline support
-Significant psychological round number (130.000)
Scenario #2:
-If price doesn't reach the 130.000 price level, then the 50.0 Fibonacci level will act as strong support
SL: 128.500
TP1: 133.500
TP2: 134.000
TP3: 135.500
-Elliott Wave ABC correction pattern & channel
-Major 61.8 retracement
Perfect ABCD projection within Elliott Wave channel
-Major counter-trendline support
-Significant psychological round number (130.000)
Scenario #2:
-If price doesn't reach the 130.000 price level, then the 50.0 Fibonacci level will act as strong support
SL: 128.500
TP1: 133.500
TP2: 134.000
TP3: 135.500
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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.
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.