Suspected wave 3
Wave 1 to 2 - retracement of 0.618
Wave 3 - reaching 1.618 to 2.168 range (under monitoring); wait for Wave 4 entry.
3 EMA crossover (22, 55, 100) = positive
E.W invalid if Wave 4 retrace > wave 1
RSI entering > 70 (potential range RSI - 70 to 90; high risk - past history shows up to 90 for AEM; either wave 3 continue or wave 4 in progress)
Trade with stoploss measures. Please support with thumbs up if you like the analysis. Thank you for your support. :)
Wave 1 to 2 - retracement of 0.618
Wave 3 - reaching 1.618 to 2.168 range (under monitoring); wait for Wave 4 entry.
3 EMA crossover (22, 55, 100) = positive
E.W invalid if Wave 4 retrace > wave 1
RSI entering > 70 (potential range RSI - 70 to 90; high risk - past history shows up to 90 for AEM; either wave 3 continue or wave 4 in progress)
Trade with stoploss measures. Please support with thumbs up if you like the analysis. Thank you for your support. :)
Note
Adjusted wave 3 completion. Retracement possibly in progress to wave 4 of wave 5. Cup and handle in combination detected.
Trade closed: target reached
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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.