Ran through the chart and decided to close my buy zone. Looking at the wave count if this is correct then we are in a 4th wave correction. Wave 4 Cannot go below wave 1 therefore if this count is valid it should remain intact at 36$-35.85 area. I’m waiting to see if this will play out. If it does then 35.85ish range should hold as strong support. Will also backtest previous resiatnce range before we broke out leading wave 5 the final wave to the 1.618 of 65$ or a less volatile 5th wave would be less but I’d have to check on that target. If interested let me know
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.
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.