Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A.
Wave B can strech upto 16695 which is 0.382 fibonacci.
Stop loss of this analysis will be 16703 just a point above all time high.
Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Wave B can strech upto 16695 which is 0.382 fibonacci.
Stop loss of this analysis will be 16703 just a point above all time high.
Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
