In my view the correction of the previous impulse is not deep enough yet.
It looks like an ABC (could be a flat but a zig zag is also possible)
The blue line is 38.2 fib retracement
If it breaks down we must wait for a correction before shorting.
Let's see how it develops
Not investment advice - ideas for learning and discussion
Steve
It looks like an ABC (could be a flat but a zig zag is also possible)
The blue line is 38.2 fib retracement
If it breaks down we must wait for a correction before shorting.
Let's see how it develops
Not investment advice - ideas for learning and discussion
Steve
Comentarios:
Could be going for a 5 wave correction before going short - no buy set up yet
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