We could be getting setup for an abc wave. I marked to 61% and 161% retracement levels to see if the levels run true. I also put a stop loss at the start of the "c" wave in order to make price prove its validity. We are at a level where bears start to fight harder. Let's see what happens over time! It's also good to see some small wick rejection of the 50 HMA.
What do you think? You like the shoes? Trying something different!
What do you think? You like the shoes? Trying something different!
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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.