We're currently observing the end of Wave 3, based on Elliott Wave Principle, leading us to expect a downward shift towards Wave 5 completion. The bearish target is set at the 161.8% Fibonacci level, as measured from the height of Wave 3.
Despite a seemingly clear path to a bearish scenario, it's essential to incorporate risk management strategies and keep an eye on other contributing market factors, adjusting trade positions as necessary. Trade wisely and remember that market indicators are guides, not guaranteed predictions.
(Disclaimer: This analysis is intended for educational purposes; it's crucial to do your own research before making investment decisions.)
Despite a seemingly clear path to a bearish scenario, it's essential to incorporate risk management strategies and keep an eye on other contributing market factors, adjusting trade positions as necessary. Trade wisely and remember that market indicators are guides, not guaranteed predictions.
(Disclaimer: This analysis is intended for educational purposes; it's crucial to do your own research before making investment decisions.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.