we saw many times how fourth waves build triangles
this time it is a viable option as well
so it was worth to be charted here
for triangle confirmation we need at least 3 waves to unfold as threes
currently, we have only one fully completed wave A (white)
traveled from the all-time high down to $54.8 this past summer
wave B has only 2 sub-waves a-b completed
wave c of B could hit the $96 mark where 61.8% Fibonacci retracement
of preceding wave A is located
subsequent projections are based on the same 61.8% calculations
in waves C-D of the possible triangle
wave C could touch $70.5 mark
wave D might retest $86 level
wave E is not calculated as it could under- or overshoot the A-C trendline
this time it is a viable option as well
so it was worth to be charted here
for triangle confirmation we need at least 3 waves to unfold as threes
currently, we have only one fully completed wave A (white)
traveled from the all-time high down to $54.8 this past summer
wave B has only 2 sub-waves a-b completed
wave c of B could hit the $96 mark where 61.8% Fibonacci retracement
of preceding wave A is located
subsequent projections are based on the same 61.8% calculations
in waves C-D of the possible triangle
wave C could touch $70.5 mark
wave D might retest $86 level
wave E is not calculated as it could under- or overshoot the A-C trendline
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.