The long awaited pullback arrived in late January and hit harder as we entered February. How long will you see red?
Wave 4 correction will carry lower, but not before a quick bounce up as it unfolds. Magnitude expectation for the current degree is 5%-8% overall, which fits nicely with the lower support trend line and 50 day simple moving average area near 2700. Overall move may carry even lower to 2650 before a rebound into wave 5 occurs.
Once the redness clears you'll see upside opportunity.
Wave 4 correction will carry lower, but not before a quick bounce up as it unfolds. Magnitude expectation for the current degree is 5%-8% overall, which fits nicely with the lower support trend line and 50 day simple moving average area near 2700. Overall move may carry even lower to 2650 before a rebound into wave 5 occurs.
Once the redness clears you'll see upside opportunity.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.