Wave Analysis - weekly timeframe with a possible ABC correction wave
> Target: Fibonacci retracement 61.8 - 78.6% +30% upside
> Entry: TFD Falling downtrend channel breakout
Key support: WMA20W - target correction zone
Indicator: RSI Week - overbought but still no signs of divergence
> Target: Fibonacci retracement 61.8 - 78.6% +30% upside
> Entry: TFD Falling downtrend channel breakout
Key support: WMA20W - target correction zone
Indicator: RSI Week - overbought but still no signs of divergence
Trade closed: target reached:
A possible strong B wave extended 127-162% of A wave