Hello Friends,
What we have here is an expanding diagonal. Fibs for wave B are between 50% and 61.8%. I expect to see a short opportunity here because it will test the upper resistance and retrace from there IMO.
Short is taken downward on C as an impulse wave. Fib levels are seen on the chart according to the simple zigzag with zigzag B leg rules.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Trading is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
What we have here is an expanding diagonal. Fibs for wave B are between 50% and 61.8%. I expect to see a short opportunity here because it will test the upper resistance and retrace from there IMO.
Short is taken downward on C as an impulse wave. Fib levels are seen on the chart according to the simple zigzag with zigzag B leg rules.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Trading is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
