- 4H 20 & 50 EMA cross
- top of down trendline on price & RSI
- wait for a 0.382 - 0.5 retrace to retest 3420 S & R level, which should have 20 EMA dynamic support to go long
Target on fib extension 1.272 on monthly R3 or 1.618 on monthly R4
A newbie thought on which directions XJO would take next week ...
1. retraces to 4992.2 to level with left shoulder
2. rise to complete (B) wave to 6165.3 (Fib 0.618 level) distance equals top shoulder to neckline & probably just under 55 days SMA level
3. going down to complete (C) wave to probably Fib 1.618 level of 2930
any pro tips welcomed :) & Stay Safe !