(Short Term)
As we can see before at wave 1, it forms a beautiful 5 wave that almost perfectly matches with elliot wave and fibonaccy's rule. It goes down to correction as it reaches at 1.618 Fibonacci extension.
If you want to open a position, I think you can buy back safely around 0.618 to 0.382 Fibonacci retracement, and ride it to the way it will go to wave 3, and gain 20% profit :)
As we can see before at wave 1, it forms a beautiful 5 wave that almost perfectly matches with elliot wave and fibonaccy's rule. It goes down to correction as it reaches at 1.618 Fibonacci extension.
If you want to open a position, I think you can buy back safely around 0.618 to 0.382 Fibonacci retracement, and ride it to the way it will go to wave 3, and gain 20% profit :)