ADA broke out of the trendline. However, we must be mindful with a potential retest if the minor level of the 38% Fib level is broken, we have a high probaility of price heading to the retest level which puts price around the .786 region of the fibs.
Targets is the measurment of the Impulse leg using Fib Extension.
If there is no retest, price can break out of the consolidated area and head to targets.
Targets is the measurment of the Impulse leg using Fib Extension.
If there is no retest, price can break out of the consolidated area and head to targets.
Trade closed: target reached:
Targets achieved without retest! This trade set up was a success!