the map has changed since summer update
as the price couldn't breakout further up
it is still ABC (white) correction in wave 4 (yellow)
however, the wave C is unfolding within the ending diagonal
we can see 4 waves within it are over
last wave is in progress to the downside
it can hit $48 level on the downside of diagonal
after that, the reversal to the upside in large wave 5 is expected
the conservative target could hit the all-time high around $121
there is a volume profile barrier detected between $74 and $83 marks
as the price couldn't breakout further up
it is still ABC (white) correction in wave 4 (yellow)
however, the wave C is unfolding within the ending diagonal
we can see 4 waves within it are over
last wave is in progress to the downside
it can hit $48 level on the downside of diagonal
after that, the reversal to the upside in large wave 5 is expected
the conservative target could hit the all-time high around $121
there is a volume profile barrier detected between $74 and $83 marks
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.