Ciao Traders !
we broke the 65% Fib, so I'll assume will make a correction and then push down towards the 0,786 or the 0,883 Fib
in both cases: if the movement from 3,1k to 13,8k was either a wave A of an ABC or either a wave 1 of a new trend, the actual down trend is too short (time wise) to correct the previous up move, therefore I give more probabilty to the fact that we have another push down
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk
we broke the 65% Fib, so I'll assume will make a correction and then push down towards the 0,786 or the 0,883 Fib
in both cases: if the movement from 3,1k to 13,8k was either a wave A of an ABC or either a wave 1 of a new trend, the actual down trend is too short (time wise) to correct the previous up move, therefore I give more probabilty to the fact that we have another push down
Happy trading to all !
Disclaimer:
This is not financial or investment advice
I am not a professional in the financial or investment fields
This analysis is just for entertainment purposes
Do not follow what I do or do it at your own risk