Fibo cluster around 35,5USD
Assuming we are in an ABC correction following the uptrend movement 17,44-->46,81USD (wave 3)
with B @ 42,55USD
The ongoing C wave can be divided in 5 waves , however not with typical fibo ratios:
wave 2 = 50% of wave 1
wave 3 = 200% of wave 1
wave 4 = 61,8% of wave 3
Fibo cluster:
36,03USD = 78,6% of wave A
35,59USD = 61,8% of the major wave (3)
35,5USD = 261,8% of wave 1
Strategy = enter on these levels
or enter first when wave 4 is broken (around 39USD)
Targets
to be detailed later depending of trading term but above 50USD
Assuming we are in an ABC correction following the uptrend movement 17,44-->46,81USD (wave 3)
with B @ 42,55USD
The ongoing C wave can be divided in 5 waves , however not with typical fibo ratios:
wave 2 = 50% of wave 1
wave 3 = 200% of wave 1
wave 4 = 61,8% of wave 3
Fibo cluster:
36,03USD = 78,6% of wave A
35,59USD = 61,8% of the major wave (3)
35,5USD = 261,8% of wave 1
Strategy = enter on these levels
or enter first when wave 4 is broken (around 39USD)
Targets
to be detailed later depending of trading term but above 50USD
Comment:
target almost reached actually