Alikze »» FTT | Completing the last corrective leg
In the daily and weekly time, after a deep correction, it recovered a full movement cycle and then corrected the previous wave in the form of a double correction of 0.23 fibo. It is currently completing the microwaves, wave 2 of 3.
🔰 Therefore, I expect that no new floor will be created in the first phase.
🔰 In the second phase, this movement can continue its growth at least up to the range of 4.74. If it can break the first target, this ascending wave 3 or C will have the ability to reach the resistance targets specified on the chart.
However, moving up to Fibo 1.618 can move the important supply area and the beginning of a deep correction.
⚠️ In addition, if it penetrates and stabilizes below Fibo 0.23, this movement scenario will be invalid.
🟩Sup:1.50
⛳️Tp1 : 4.74
⛳️Tp2 : 9.16
⛳️Tp3 : 20.84
⛳️Tp4 : 29.52
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🔰 Therefore, I expect that no new floor will be created in the first phase.
🔰 In the second phase, this movement can continue its growth at least up to the range of 4.74. If it can break the first target, this ascending wave 3 or C will have the ability to reach the resistance targets specified on the chart.
However, moving up to Fibo 1.618 can move the important supply area and the beginning of a deep correction.
⚠️ In addition, if it penetrates and stabilizes below Fibo 0.23, this movement scenario will be invalid.
🟩Sup:1.50
⛳️Tp1 : 4.74
⛳️Tp2 : 9.16
⛳️Tp3 : 20.84
⛳️Tp4 : 29.52
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
»»»«««»»»«««»»»«««
