I read people's ideas, and I think: why complicate things?
My ideas are based on Elliott Wave Theory.
Looking at the daily chart, and the hedgehog is understandable (the Russian expression means it's simple)) that it was one wave from the whole model, and now we see a correction that ends at 0.618 Fibonacci level.
Looking a little deeper, this is a C wave of a three-wave correction, which ends at about 1.618 of wave A.
Here we have a zone of possible termination of correction.
My MACD is already beginning to give possible buying signals - the output of a histogram for the signal line (there is no confirmation yet)
And the close location of MA 50 and MA 100 is good
Trade aktif:
Ez breezy guys. Targets tomorrow