- As expected, the the wave 4 played out to be a triangle & seems to have been completed. A drop below 0.2145 (almost there) would confirm it.
- most likely final leg of the correction (i.e. wave 5 of c of 2) is unfolding.
- expecting the price to reverse between the 0.705 - 0.786 fibonacci retracement (marked as red box).
- the above zone is also confluent with the equilibrium of the marked daily demand zone.
- a drop below 0.1599 would invalidate this idea.
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THIS IS MY ANALYSIS, PLEASE TRADE AT YOUR OWN RISK.
- most likely final leg of the correction (i.e. wave 5 of c of 2) is unfolding.
- expecting the price to reverse between the 0.705 - 0.786 fibonacci retracement (marked as red box).
- the above zone is also confluent with the equilibrium of the marked daily demand zone.
- a drop below 0.1599 would invalidate this idea.
Please share and leave a like if you found this analysis useful :)
THIS IS MY ANALYSIS, PLEASE TRADE AT YOUR OWN RISK.
