New Flat Correction counts on 4 hour time frame
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Rejection from any of the fibo level can lead the price to 1980 but the rejection has to be happened after forming ABC formation.
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Price is almost done with ''A''
An ending diagonal is visualized in 5th wave of A.
A fall may happen from the grey zone and price will start its ''B''
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Price needs to break 23.60% Fibonacci level for changing direction or else price will move up
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8 minutes left to close the candle.
So far it is looking good.
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Lets wait for a retest ..... if it successfully retests this 23.60% then our first target will be 38.20% (2016)
Second target will be 50% (2010)
Third target will be 61.80% (2004)
And maximum target will be (1994)
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Price is close to our first target.
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