@stocktradingleo It wouldn’t change anything in the long term, only the perception of the chart. The most important thing is that, in terms of percentage, wave 3 needs to be larger than wave 1
@stocktradingleo We need to see if price can move above the FVG to invalidate this large ABC correction. If not, wave C could settle around $30, which aligns with the previous major resistance as a simple retest.
@Igorek21519657 It’s simply because the RSI on the daily is still a bit high. That’s why I personally expect a small pullback like I said, to bring some volume and buyers.
Fundamentals are great, but you have to combine them with technical analysis, it’s important imo.
@Igorek21519657 But where is the dump ? It did a 100% in one day obviously it needs to retrace but i don’t see any dump still on top of the 0.004 resistance 🤷♂️.
And even if we go sub 0.004 is still a higher low..