Primary wave 4 retracement would fall between .382-.5 of waves 1-3
Extended wave 3 so we should assume .786 extension of waves 1-4
If lend were to go to the bottom of the channel .786 extension would line up with 2.618 extension of waves 1-2
Wave 5 end lines up with a very strong resistance point
Would not enter this trade until 830-850 range or bottom of channel is touched.
Target 1: 1084
Target 2: 1197
Target 3: 1298
Extended wave 3 so we should assume .786 extension of waves 1-4
If lend were to go to the bottom of the channel .786 extension would line up with 2.618 extension of waves 1-2
Wave 5 end lines up with a very strong resistance point
Would not enter this trade until 830-850 range or bottom of channel is touched.
Target 1: 1084
Target 2: 1197
Target 3: 1298
Komen:
Buy range has been hit. Lets see where this goes