we are at the microwave 4. correction Price can be continue to the support ranges.
For now We are on the support of ma 50 and fibonacci 38.2.
If the stochastic is signaling and the Moving average 50 is not broken, we can see a rise to tmw1 as 3
Just an analayze.
These days, there is talk of a decline in the value of Facebook . I think , we are at the end of the fourth wave of correction.(the fourth wave correction is likely to be five microwave).
The end of the fourth wave And fifth wave are specified. plaese observe the stoploss.
If the Sl line is broken, we will have an anti-cycle and we have more corection.
Just a simple analayze.
the Third Wave is completed in the form as three microwaves.
the fourth wave is expected to end in the form of five microwaves.
if this cycle is completed ,the target of the fifth waves is specified.
just a simple analayze.
it seems that wa of W5 is being complete and finish in form of a triangle in Fibo 38.2%
and we are currently in we of triangle.
the last wave of triangle can be finish in 5 oe 3 wave.
stoploss are specified for both position.