Please see chart for idea
Pattern recognition. ABC
I believe we are in A wave down to possibly complete somewhere near £2800 (dont try to be perfect)
B wave to retrace up to 99% 0f A
realistic targets are 62% £3500 once the down trend turns
(look for small chart patterns at the fib levels to enter long)
I have added a 4 hour chart with similar pattern to show you what I m thinking and marked it up so you know where I think we currently are.
not duration specific the moves could take shorter or longer than the waves show
All the best
Dave
Pattern recognition. ABC
I believe we are in A wave down to possibly complete somewhere near £2800 (dont try to be perfect)
B wave to retrace up to 99% 0f A
realistic targets are 62% £3500 once the down trend turns
(look for small chart patterns at the fib levels to enter long)
I have added a 4 hour chart with similar pattern to show you what I m thinking and marked it up so you know where I think we currently are.
not duration specific the moves could take shorter or longer than the waves show
All the best
Dave
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.