VELESTO has completed wave (II) or wave B.
It currently appears to be forming wave 1 of wave (III) or wave C.
For VELESTO to retrace to wave 2 of the wave (III) uptrend, wave 1 must first be completed, which is currently in progress.
Wave 2 may retrace to the Fibonacci level of wave 2, potentially falling below 50% of wave 1, and may conclude with a zigzag pattern.
Wave (III) or wave C may complete with five minor waves or, alternatively, wave C may conclude with an ending diagonal pattern.
This analysis is provided solely for Elliott Wave learning purposes and does not constitute a recommendation to buy or sell. Please perform your own technical analysis.
It currently appears to be forming wave 1 of wave (III) or wave C.
For VELESTO to retrace to wave 2 of the wave (III) uptrend, wave 1 must first be completed, which is currently in progress.
Wave 2 may retrace to the Fibonacci level of wave 2, potentially falling below 50% of wave 1, and may conclude with a zigzag pattern.
Wave (III) or wave C may complete with five minor waves or, alternatively, wave C may conclude with an ending diagonal pattern.
This analysis is provided solely for Elliott Wave learning purposes and does not constitute a recommendation to buy or sell. Please perform your own technical analysis.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.