Retraced to 382 fib of the preceding move. Target for upcoming 5th wave is in the 2k range(green box).
Targets for 5th wave often 618 of wave 1 and 3 combined as it is here.
Targets for 5th wave often 618 of wave 1 and 3 combined as it is here.
Note
So the C leg was not done, my bad. Still valid idea. As you can see in the snapshot we have reached 1.618 extension of leg A which again is classic length of the C in a ABC correction. Wave 4 often reaches between 0.382 and 0.5 fib as this is now.
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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.