The hourly ETHUSD chart displays the upward corrective wave [B] currently forming as a part of the standard zigzag [A]-[B]-[C]. Correction [B] is developing as a simple zigzag (A)-(B)-(C), with the first two sub-waves (A)-(B)completed inside. The price has been rising in the ascending impulse wave (C) composed of sub-waves 1-2-3-4-5 since mid-July. The (C) impulse could finish at a level of 1765.00, where wave 5 will be 61.8% of the previous impulse wave 3.
Trading plan for ETHUSD today:
Take profit: 1765.00.