I'm considering the entire move as a red ABC where C = 1.23x of A
What we saw is an extended blue 5th wave having another extended 5th subwave within which had a 100% move
Expecting a drop to 21WMA or 0.382Fib/0.5Fib
RSI also losing steam
What we saw is an extended blue 5th wave having another extended 5th subwave within which had a 100% move
Expecting a drop to 21WMA or 0.382Fib/0.5Fib
RSI also losing steam
Trade closed: target reached:
Expected 50% drop, got 70% and hit (almost) our 0.5Fib target
