Market just finished 1-5 Elliot wave bearish and broke the trendline, we are forecasting to see pump to the 50% zone, because market formed an institutional candle zone while going down. Also we should see a bounce down at 50-61.8% fib zone of the fifth wave and bounce back up after retracement forming an ABC correction.
Entry: 22.21 (after a retrace because market already formed an institutional candle)
Invalidation: 17.96 (below recent HL)
Target: 47.29 (50% fib zone and an institutional candle zone)
Entry: 22.21 (after a retrace because market already formed an institutional candle)
Invalidation: 17.96 (below recent HL)
Target: 47.29 (50% fib zone and an institutional candle zone)
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