We're possibly in the wave 4 retracement. If thats the case wave 2 retraced ti 0.786 , so its likely that wave 4 will be a short and slight retracement, possibly up to 0.382.
So we should go in to a long position at market price , 31.75
stopp loss slightly below 0.382 fib level 30.60
take profit at just above 0.268 fib , because wave 3 went beyond 1.618 fib so 38.70 which is also a previous residence
So we should go in to a long position at market price , 31.75
stopp loss slightly below 0.382 fib level 30.60
take profit at just above 0.268 fib , because wave 3 went beyond 1.618 fib so 38.70 which is also a previous residence