Hello friends,
You can see an ideal 5-wave move in the chart. The end point also corresponds to the daily resistance in the larger picture. We expect it to make a correction from there.
The correction movement will also be such that it includes a minimum ABC wave, and since its we are on wave 1, the correction can move to between 0.5-0.618 finobacci values. But remember, wave 2 corrections can roll back up to 99% of wave 1.
And never forget that your system, case management and risk management will always save you money, rather than technical analysis.
I hope it helps.
I wish everyone a nice Sunday.
You can see an ideal 5-wave move in the chart. The end point also corresponds to the daily resistance in the larger picture. We expect it to make a correction from there.
The correction movement will also be such that it includes a minimum ABC wave, and since its we are on wave 1, the correction can move to between 0.5-0.618 finobacci values. But remember, wave 2 corrections can roll back up to 99% of wave 1.
And never forget that your system, case management and risk management will always save you money, rather than technical analysis.
I hope it helps.
I wish everyone a nice Sunday.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.