Wave-A ends at first support line line and is where Wave-B begins.
If Wave-C begins at the underside of the green sloped support which would be exactly 61% retracement of Wave-A.
And if Wave-C is 1-1 with Wave-A then it could reach 89 in one move. Wave-A had big momentum (long candles), and high speed (short time span), and so if wave-C is as strong as Wave-A then it could break the 2009-2020 support line
If Wave-C begins at the underside of the green sloped support which would be exactly 61% retracement of Wave-A.
And if Wave-C is 1-1 with Wave-A then it could reach 89 in one move. Wave-A had big momentum (long candles), and high speed (short time span), and so if wave-C is as strong as Wave-A then it could break the 2009-2020 support line
Related publications
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.
Related publications
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.