Price is moving in the final sub wave 5 of the ending diagonal wave C highlighted.
The higher degree wave count shows an elongated flat ABC correction.
Instead of catching the falling knife, wait for the price to close above 253 for averaging.
Price is showing strong bullish divergence with RSI and with declining volume activity, trend reversal is expected soon.
Short term target is around 444 level.
Long term target is around 1170 considering a reverse H&S pattern formation on it's way up.
Do your own due diligence before taking any action.
Peace!!
The higher degree wave count shows an elongated flat ABC correction.
Instead of catching the falling knife, wait for the price to close above 253 for averaging.
Price is showing strong bullish divergence with RSI and with declining volume activity, trend reversal is expected soon.
Short term target is around 444 level.
Long term target is around 1170 considering a reverse H&S pattern formation on it's way up.
Do your own due diligence before taking any action.
Peace!!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.