I do believe that NJ already done with the very long correction wave. I do Believe that the price now making waves 2, so there is a very good potential for buying. The reasong is:
1. The price is sitting on 61.8% fibo levels
2. Divergence on stochastic in buy zone
Personally, i'm not taking this trade yet, because the price is still not showing a reversal signal. So, I'll wait till the price reach 78.6% fibonacci levels or in between.
Notes:
Don't forget, this is a weekly TF
1. The price is sitting on 61.8% fibo levels
2. Divergence on stochastic in buy zone
Personally, i'm not taking this trade yet, because the price is still not showing a reversal signal. So, I'll wait till the price reach 78.6% fibonacci levels or in between.
Notes:
Don't forget, this is a weekly TF
Comment:
Not seeing any sign of reversing while the price is currently broke the 61.8% fibo levels