Market finished 1-5 Elliot wave in the uptrend and ABC correction and full 1-5 wave bearish, in the moment we are waiting for ABC correction completion of an bearish 1-5 Elliot wave, we are forecasting that market will switch direction at 522 zone, which is in between 50% and 61.8% (Reversal) fib zone. also in this zone we can see a heavy institutional volume candle in 1h time frame.
Price history: In a past market also did a full Elliot wave up and down, and in its correction retraced to the 522 zone on it's C wave of a correction and went down to 361 zone.
Entry: 522
Invalidation: 556
Target: 361
R/R Ratio: 4.74
Price history: In a past market also did a full Elliot wave up and down, and in its correction retraced to the 522 zone on it's C wave of a correction and went down to 361 zone.
Entry: 522
Invalidation: 556
Target: 361
R/R Ratio: 4.74
💥 Free signals and ideas ➡ t.me/vfinvestment
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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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.