Price made a reaction earlier today up towards Target 1 around the 15550 area. After the bearish correction price landed right at the HOP level @15372. Following up with a slight impulse above the Daily open, closing slightly positive.
The 5 Wave sequence is where the impulse started for T1. Now I am expecting another strong impulse for the continuation of the 7th sequence
@tientran1612, I determined the HOP based off the extension Fib levels, .13 - .27
tientran1612
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Can you tell me more specifically ? Caculator formula for HOP level
enialeann
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Hi @OkayTrev! I like your analysis. Do you think Target 1 will be reached again tonight? I am planning to go long. Hope you can enlighten me. Thank you!