Fibonacci/wave analysis @ the 5.1 fib extension.

١٨ يوليو ٢٠٢٤

An opportunity for a low risk short at the 5.1 extension... There is a valid 5 wave structure. Into the shorting zone, there is a gap below to be filled. We are still above the daily MA's but again low risk if you set your stop loss correctly!!! Good luck.