Consider to study and monitor KOBAY where it's daily chart formation resembles that of a Cypher Pattern. In addition, as per Elliott Waves Theory, the price has retraced to it ABC Corrective Zone on expanded flat. From Elliott's Wave 1 to Wave 5, KOBAY has retraced to fibo382. KOBAY appears to hold on to fibo1.130 despite the market's weak sentiment today. To enter trade, follow the potential trading plan as depicted in the chart.
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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.