ABC Correction is coming, Multiple Time frames analysis
Good Morning Traders!
We saw a sharp decline in 5 waves down to the 3 month low. From This point, I expect at least ABC correction in this market to 38% Fib lvl -0.51% . Nevertheless UK economy is in a SLEEP MODE and chances of another Intrest Rate hike by BOE in May is nearly 0.
From Daily chart, we can see that Price is hovering near 200 MA and uptrend channel line from where we can see this ABC correction. As well We can see that price is about to retest the previous counter-trend-line thus there can be lots of bulls waiting to enter into this market.
Best Regards,
VW.
We saw a sharp decline in 5 waves down to the 3 month low. From This point, I expect at least ABC correction in this market to 38% Fib lvl -0.51% . Nevertheless UK economy is in a SLEEP MODE and chances of another Intrest Rate hike by BOE in May is nearly 0.
From Daily chart, we can see that Price is hovering near 200 MA and uptrend channel line from where we can see this ABC correction. As well We can see that price is about to retest the previous counter-trend-line thus there can be lots of bulls waiting to enter into this market.
Best Regards,
VW.
Trade fermée manuellement
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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.