Bal has confirmed a bearish divergence at the top of a Wave 3 move. This next corrective move could be fast, so don't get too greedy with your profits. The Wave 4 targets are based off of fibonacci retracement levels. The first fibonacci level is my minimum take profit level for this short.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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Trade closed for a 37% profit. ✅