This is very short term. Closed on the downward impulse, bouncing off the 5th wave origin. Down we go, it's like ping pong in here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a...
D1 - Range.
Ideally we want to see another push down towards the very bottom of the range creating and completing divergence
Then we want to see higher highs and/or trend line breakout to the upside to go ahead and buy.
Invalidation - Skip the setup, if price pushes higher towards the top skip the setup or If price breaks below the bottom and confirms the breakout.
