Wave 3(orange) high was broken which confirm the completion of wave 4 (orange) and also confirm wave 5(orange) in progress in order to complete wave 3(blue).
Currently wave 5(orange) reached its minimum fib level and EWO indicate a divergence , but usually when wave 3 is extended it reaches to 2.618 fib level and sometime higher .
Wave 4(blue) low must break the previous wave 4(orange) low as indicated on chart.
All fib level can be adjusted accordingly but the scenario is still valid .
I will update the chart when possible .
Good LUck
Currently wave 5(orange) reached its minimum fib level and EWO indicate a divergence , but usually when wave 3 is extended it reaches to 2.618 fib level and sometime higher .
Wave 4(blue) low must break the previous wave 4(orange) low as indicated on chart.
All fib level can be adjusted accordingly but the scenario is still valid .
I will update the chart when possible .
Good LUck
Trade closed: target reached:
Tp reached
Comment:
Invalid if price breaks 88.6 and close above it
Order cancelled:
Invalid