ANALYSIS ON D1
2019-11-20 03:45:57
The first intermediate wave down corrected 38.2 % and resumed the bear trend.
The full wave down correcting 50% will be in the 1481 zone
The alternate wave AB = CD has the CD leg projection in the 1481 zone
Two successive correction ratios occurring in sequence and coinciding with an equilibrium point on a symmetric time axis can have an impact on price action and should be watched for a reversal signal.
We also have the 1485/1487 to watch for a reversal signal.
Use tight stop loss and enter on a valid signal.