Colleagues, I have reviewed the waves a bit and I believe that when the strong psychological level of 6000 is reached, a reaction and correction in wave “2” is possible.
I propose to consider this movement as a strong five-wave movement. Wave “1” will be over soon.
I consider the 38.2% - 50% Fibonacci levels of 5489 to be the main target of the correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
I propose to consider this movement as a strong five-wave movement. Wave “1” will be over soon.
I consider the 38.2% - 50% Fibonacci levels of 5489 to be the main target of the correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Colleagues, Price has been fluctuating in the same range for quite a long time, which may indicate that the upward movement in wave “1” is not over yet. But we will know for sure later. Now when reaching the level of 5744.5 I recommend to set trade to breakeven.(Breakeven=Risk Free: Move Stop loss to the entry level).
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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.