It seems like we're getting to the bottom of our X and preparing to go our Y. B is exactly at the 0.5 of A, strengthening this prediction that we're at the end of our C (it's the same size as A). There's no guarantee we're on a rising correction (as oppose to a flat, meaning Y would be lower), but it seems like we should be breaking the top this section soon to approach it. For a safer entry, you can wait to buy in at the bottom of B on the way to Y.
Note
Here's another option. We could expect another touch to the bottom (well, at least dip) before our climb.Note
This could be it! Wait for a break above the main pink top trend!Note
Here we go! We'll have some pullbacks, but don't scare yourself out of the trade, we'll be going up long term!Note
Going exactly as planned, some consolidation before the next move up!
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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.