We appear to be done with 5 waves as part of the uptrend. Wave 3 was 1.618 Fib ext of wave 1 and wave 5 is 1:1 ext of wave3. This a textbook EW impulse waves
After 5 waves up, ABC correction follows and ideally I would expect the correction to go to 0.618Fib area where there is support (blue line)
After 5 waves up, ABC correction follows and ideally I would expect the correction to go to 0.618Fib area where there is support (blue line)
עסקה סגורה: היעד הושג:
Target hit perfectly (blue line) and despite the wicks above the PreCapitulation resistance (dotted red line), it still rejected the price
