Wave 4 should never cross into wave 1's price area. Following this logic, if we are to assume we are in an impulse period, we are in wave 3 and it has just ended or we will dip to ~$212 before recovering to ~$245. The final wave will likely bottom out between $125-$185 before recovering.
*This is not trading advice, simply my thoughts on the current market*
*This is not trading advice, simply my thoughts on the current market*
Note
Sitting comfortably under $185 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.