Price might have found a reliable level where it is at now.
Looking at the advance I labelled it as a motive(impulse), with the volume shown by price it seemed a case.
The advance of minor wave 3 has found support at around the 1.618% level of fib extension, leaving me to assume that the decline in price might be a fourth wave correction.
And now price interestingly rejected at the 34.2% level of fib retracement.
Alternatively price can break below the indicating a change in structure that is when I will change my forecast.
A happy trading to you all.
God Bless You.
Looking at the advance I labelled it as a motive(impulse), with the volume shown by price it seemed a case.
The advance of minor wave 3 has found support at around the 1.618% level of fib extension, leaving me to assume that the decline in price might be a fourth wave correction.
And now price interestingly rejected at the 34.2% level of fib retracement.
Alternatively price can break below the indicating a change in structure that is when I will change my forecast.
A happy trading to you all.
God Bless You.
