Minute Wave W (red) has almost come to an end, formed out of Complex Structures.
Minuette Waves a, b & c (black) also posed Complex Formations.
Subminuette Wave c (red) is almost complete with the final 5th Submicro Impulsive Wave ending towards the 161.8% & 100% Fibonacci Extensions.
Bearish Volumes are confirming a very possible Bullish Divergence which would trigger the Recovery Minute Wave X and cause a Channel Beach towards the up-side. Good to look for a Flag after the breach.
Levels to watch: 99 & 97.90
Minuette Waves a, b & c (black) also posed Complex Formations.
Subminuette Wave c (red) is almost complete with the final 5th Submicro Impulsive Wave ending towards the 161.8% & 100% Fibonacci Extensions.
Bearish Volumes are confirming a very possible Bullish Divergence which would trigger the Recovery Minute Wave X and cause a Channel Beach towards the up-side. Good to look for a Flag after the breach.
Levels to watch: 99 & 97.90
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.