Expected .5 or .618 retrace for wave 2 in this idea >
However, looks like just .382 was enough for some traders.
Possibly in wave 3 now within a channel after exiting inverse head and shoulder neckline. Potential to reach 5940-6020 overall if this is 5 waves up.
Currently holding longs from 5705.
Possibly in wave 3 now within a channel after exiting inverse head and shoulder neckline. Potential to reach 5940-6020 overall if this is 5 waves up.
Currently holding longs from 5705.