. @monthly&weekly support;
. The Neck @ weekly resistance;
*Double bottom is only valid if the price break the neck;
- IF this is the 3th wave, it "should" terminate around the 161% extension, close to the neck, and then a small pull back expected that can't cross the top of wave 1 forging wave 4, and... wave 5=wave 1; (by default)
Between 89$ / 90$ >> The is completed, start looking for divergence on that price zone for an eventual short;
61.8% can not touch 78.6% XA
38.2% to 88.6% AB
127% ext AB
TP1 38.2% AD
TP2 61.8% AD
* Risk/Reward - SL above point X, look the structure...
Extra trade setup:
The 2618 trade IF the offer us the 2nd take profit target zone around daily support @82.81$ - again, once there, start looking for divergence for an eventual buy;
Check educational links below:
and 2618 - how to trade it...