Trying to find a possible ending target for this downtrend:
1) Fibonacci Retracement from start of wave 1 to end of wave 5
2) Fibonacci Extension from start of wave A to end of wave A to end of wave B
3) Fibonacci Retracement from end of wave A end of wave B
Could it be a possible target for this downtrend?
If not how can I determine other possible targets?
1) Fibonacci Retracement from start of wave 1 to end of wave 5
2) Fibonacci Extension from start of wave A to end of wave A to end of wave B
3) Fibonacci Retracement from end of wave A end of wave B
Could it be a possible target for this downtrend?
If not how can I determine other possible targets?
Comment:
confluence zone achieved. Now will it bounce or go straight down?