On 60 mins chart. price has performed two section (A&B) of an ABC correction. Shaded blue area represent end of Wave C target where we will look for reversal candles for a short setup.
Wave C target is derived from a confluence of fib levels where internal retracement 76.4%, APP 100%, external retracement 127.2% created a narrow trading zone.
Wave C target is derived from a confluence of fib levels where internal retracement 76.4%, APP 100%, external retracement 127.2% created a narrow trading zone.