We are in wave B of flat if wave B is finished, that means this correction could be
1.Irregular Flat which will provide wave C the power to return to the previous high (1.23503)
2. Triangle
3.Double Or Triple combination
Above all cases
1.21650 is the first short target because the next wave should retrace at least 33.3% of the previous wave, in this case, it's coincidently in the significant resistance zone
We can discuss if you think differently
Please make your you've done your own analysis and manage your capital before open any position
“Trade the market for what it is, not for what you trust it to be”
Thanat VIchachai
Vitalik's big fan
1.Irregular Flat which will provide wave C the power to return to the previous high (1.23503)
2. Triangle
3.Double Or Triple combination
Above all cases
1.21650 is the first short target because the next wave should retrace at least 33.3% of the previous wave, in this case, it's coincidently in the significant resistance zone
We can discuss if you think differently
Please make your you've done your own analysis and manage your capital before open any position
“Trade the market for what it is, not for what you trust it to be”
Thanat VIchachai
Vitalik's big fan