We appear to be done with a ABC correction after the 5-wave (green) move up. Also the correction is limited to the red channel. In addition, RSI appears to have bottomed out. If we don't make lower low, there is decent 5:1 R:R trade
Extended Target2 is the red box
Invalidation: Losing the red channel and make a lower low
Extended Target2 is the red box
Invalidation: Losing the red channel and make a lower low
Comment:
As expected, there was a bounce
Trade closed: target reached:
Target hit, lets see if the extended target gets hit as well (red box)
