Lines, lines, lines... And rectangles.
The correction from 23-May through 13-June hit below the 0.786 Fib. retracement level relative to the entire wave that started in early January.
KAVAUSD
What this means is that the correction is over and went full circle, complete.
If the correction is complete then the focus goes to the proceeding move... So many ways to say this, using chart speak or "financial hieroglyphs" as I like to call them.
Look at the big green arrow... That's what I see.
I can be wrong. Invalidation comes below the blue dashed line but only a "temporary" invalidation can happen because the end result is and will always be up.
Namaste.
The correction from 23-May through 13-June hit below the 0.786 Fib. retracement level relative to the entire wave that started in early January.
KAVAUSD
What this means is that the correction is over and went full circle, complete.
If the correction is complete then the focus goes to the proceeding move... So many ways to say this, using chart speak or "financial hieroglyphs" as I like to call them.
Look at the big green arrow... That's what I see.
I can be wrong. Invalidation comes below the blue dashed line but only a "temporary" invalidation can happen because the end result is and will always be up.
Namaste.
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