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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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.