An ABC Correction following an impulsive five wave. Correction completed at 1.618 extension, before heading back lower below the long term 200 average. Pin bar at previous low confirmed downside pressures.
Comments
TomProTrader
⋅
leszekstanislaw
⋅
Another view - move from 1.46 to 1.58 (5-a-b-c wave) may be just 1 wave of bigger correction move (this may be a 'a' impulse)... Then we would go up to 1.65, a then down down down :)