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In corrective patterns, Wave 2 can sometimes include large expanded waves.
Here’s a simplified example of a potential Zig-Zag trade.
The critical support level is at the start of the move at $79,962, while key support lies at the 0.786 retracement level at $81,635 if we break above $84,630.
The target for Wave (C) is $90,547, aligning with the length of Wave (A).
In corrective patterns, Wave 2 can sometimes include large expanded waves.
Here’s a simplified example of a potential Zig-Zag trade.
The critical support level is at the start of the move at $79,962, while key support lies at the 0.786 retracement level at $81,635 if we break above $84,630.
The target for Wave (C) is $90,547, aligning with the length of Wave (A).
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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.