Price action and chart pattern trading
> Possible making its uptrend to 4-wave of the 1st A-wave correction, expecting a retracement of 0.382 - 0.5 of 3-wave
> EMA100 W and EMA 200 W are the key dynamic support and resistance of the current movement.
> The final 5-wave of A could be retraced back at EMA200 W.
> Wait for daily timeframe reversal pattern near EMA200W support line for long entry
> Possible making its uptrend to 4-wave of the 1st A-wave correction, expecting a retracement of 0.382 - 0.5 of 3-wave
> EMA100 W and EMA 200 W are the key dynamic support and resistance of the current movement.
> The final 5-wave of A could be retraced back at EMA200 W.
> Wait for daily timeframe reversal pattern near EMA200W support line for long entry
Trade closed: target reached
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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.