VET is in an ABC correction and Wave C turned into a complex Zigzag correction which is 5-3-5.
We are currently on the final 5th wave formation and seeing subwave 4. We are expecting one more drop for the final 5th subwave of the entire 5-3-5 zigzag correction.
As subwave 1 was extended, we can expect the 5th wave to be equal or shorter than the 3rd wave, which gives us a clear level to watch for price to stay above once the 5th subwave starts. This is because wave 3 cannot be the shortest.
Trade Idea:
- Once the final 5th subwave starts, measure the length of the third wave and use it as invalidation level for buys
- buy when bullish price action appears
- Targets: 0.17, 0.28, 0.35, 0.45
What do you guys think?
Goodluck and as always, trade safe!
We are currently on the final 5th wave formation and seeing subwave 4. We are expecting one more drop for the final 5th subwave of the entire 5-3-5 zigzag correction.
As subwave 1 was extended, we can expect the 5th wave to be equal or shorter than the 3rd wave, which gives us a clear level to watch for price to stay above once the 5th subwave starts. This is because wave 3 cannot be the shortest.
Trade Idea:
- Once the final 5th subwave starts, measure the length of the third wave and use it as invalidation level for buys
- buy when bullish price action appears
- Targets: 0.17, 0.28, 0.35, 0.45
What do you guys think?
Goodluck and as always, trade safe!
Want more breakdowns like this? Links below:
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t.me/Wicktator
t.me/Crypto_Wick
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t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
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Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.