I predict a five-wave pattern that we are now in wave 4 correction. The most important support for the correction wave is 0.618 Fibonacci in the range of $ 1 and 0.786 Fibonacci in the range of 0.7325 $. And if the 0.786 Fibonacci support fails, the analysis will be violated and I expect more to fall.
If we return to the main uptrend and start the fifth wave due to the long third wave, we expect a shorter fifth wave and probably can not move more than $ 3.
I place my orders in three steps of $ 1, $ 0.98 and $ 0.7325, and I set my loss limit slightly below $ 0.73.
If we return to the main uptrend and start the fifth wave due to the long third wave, we expect a shorter fifth wave and probably can not move more than $ 3.
I place my orders in three steps of $ 1, $ 0.98 and $ 0.7325, and I set my loss limit slightly below $ 0.73.
