I'm not completely sure about this markup, but in my opinion this scenario may be correct. Why?
— Here 61.8 Fib level of correction move
— Last ABC move has reached 1.618 Fib level of A wave
— If wave 5 is extension, correction will be find the end near wave 2 of smaller degree
— Price growth 42 days and falls 25 days. 25/42 = 0.595 which is close to 0.618 value
— Some small divergence on RSI
— Here 61.8 Fib level of correction move
— Last ABC move has reached 1.618 Fib level of A wave
— If wave 5 is extension, correction will be find the end near wave 2 of smaller degree
— Price growth 42 days and falls 25 days. 25/42 = 0.595 which is close to 0.618 value
— Some small divergence on RSI
Trade active
Trade active