Technical:
*We can count 5 waves in the wave A structure.
*MACD/RSI are exhausted.
*3 wave impulse to wave B somewhere around the 0.236 were going to.
* I stacked the zone and the yellow rectangles represent confluence from a number of fibonacci studies.
* We are our our soft target now, if it does not hold the next target should. Place stop losses right under the wick that went the furthest down.
Happy pip hunting guys!
*We can count 5 waves in the wave A structure.
*MACD/RSI are exhausted.
*3 wave impulse to wave B somewhere around the 0.236 were going to.
* I stacked the zone and the yellow rectangles represent confluence from a number of fibonacci studies.
* We are our our soft target now, if it does not hold the next target should. Place stop losses right under the wick that went the furthest down.
Happy pip hunting guys!