Wave “C” continues to develop in a five-wave movement. Right now, I think wave “1” has just ended and we will see a small correction to the 66,280 area (wave ‘2’), after which I expect wave “3” to develop, which should go further than the 60 support level, but this is a fairly strong psychological level at which it would be good to take profits.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
This chart shows a situation similar to that of the euro. I also expect the correction to end. At the moment, a small flat with a narrow range has formed, but I would like to see an update of the 64.36 level.
Nevertheless, I recommend working only with pending orders, as the main direction of movement is downward.
Trade active
The 64.36 level has been updated and now I think price will move a little closer to the 65-66 level. In any case, I would advise to look out for short positions as it will be difficult to determine the end of wave “2”.
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
Related publications
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.