The rally from $204.00 looks very strong and is part of primary wave 5 (black).
The current pullback looks to be a simple zigzag that is testing the 38.2% Fibonacci retracement level at $317.80.
A deeper pullback will next test the 50% retracement level at $296.07.
$204.00 does not look under threat so the bias is strongly bullish.
The current pullback looks to be a simple zigzag that is testing the 38.2% Fibonacci retracement level at $317.80.
A deeper pullback will next test the 50% retracement level at $296.07.
$204.00 does not look under threat so the bias is strongly bullish.
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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.