Target fibo 61.8 is reached!
But the lower trend line of the channel is also nearby here!
We have now a few high probability scenarios!
-Bullish triangle
-Bullish flag in channel
-Also looks like the fifth wave to down
I still have the feeling this downtrend is still not enough strong to hit our target around 6300-6400 in one single move so higher upside correction is higher probability at this moment!
But the lower trend line of the channel is also nearby here!
We have now a few high probability scenarios!
-Bullish triangle
-Bullish flag in channel
-Also looks like the fifth wave to down
I still have the feeling this downtrend is still not enough strong to hit our target around 6300-6400 in one single move so higher upside correction is higher probability at this moment!
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.