WING lost the 3-year support range and dipped to bottom of channel making this complex WXY correction with 1:1 move.
We are oversold so I am expecting bounce up (similarly as we did in May 2020 after loosing support) which will likely test range that we support (ca. fibb 1.272 range) and if we hold there expect breakout of channel and push to test X-wave pivot range.
Moves on WING can be rather fast, only way to play this is with limit orders set upfront on range rather on specific level and hope target is being hit aka orders filled.
We are oversold so I am expecting bounce up (similarly as we did in May 2020 after loosing support) which will likely test range that we support (ca. fibb 1.272 range) and if we hold there expect breakout of channel and push to test X-wave pivot range.
Moves on WING can be rather fast, only way to play this is with limit orders set upfront on range rather on specific level and hope target is being hit aka orders filled.
Trade active
Price dipped lower but plan remains the same. Still expecting bounce up to test diagonal resistance line and once we break it test of November 2021 pivot at 75$ range. Correction reached same fibb level as AIOZ correction before it reversed and tested ATH range... 
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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.