First of all, I have to point out that according to Elliot, we need another correction.
In terms of time, we can expect the correction to end near one of the Fibo time levels, so it is likely that another correction is underway as in the previous photo.
According to the previous two points, there are two scenarios. The red trend line and the close supports of Fibonacci 0.618 and 0.5 are important points to check the reversal of the trend for buying position.
If FIL can breaks PRZ (about 90 $) upward and stabilizes, there will be no correction.
Always make your analysis before a trade
It is not offer to trade.
Good luck
In terms of time, we can expect the correction to end near one of the Fibo time levels, so it is likely that another correction is underway as in the previous photo.
According to the previous two points, there are two scenarios. The red trend line and the close supports of Fibonacci 0.618 and 0.5 are important points to check the reversal of the trend for buying position.
If FIL can breaks PRZ (about 90 $) upward and stabilizes, there will be no correction.
Always make your analysis before a trade
It is not offer to trade.
Good luck
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.