Previous short (related idea) i followed for 5 monthes and 8 days,
We had reached the 0,000225 target today.
But with the development of trend, I found that we have a potential downward wedge, in which wave E corresponds to the corrective wave 4 of the previous driving wave 3.
I expect we will push the support around the end of july, but these patterns sometimes have a false break, so we may bottom a little earlier.
Also i have alternative calculations marked by vertical lines - middle of October or middle of December.
We had reached the 0,000225 target today.
But with the development of trend, I found that we have a potential downward wedge, in which wave E corresponds to the corrective wave 4 of the previous driving wave 3.
I expect we will push the support around the end of july, but these patterns sometimes have a false break, so we may bottom a little earlier.
Also i have alternative calculations marked by vertical lines - middle of October or middle of December.
Note
Support became resistance, price is locked, my scenario is going by planNote
Growth since end of June it is correction, plan is activeTrade active
Target was 1481, and we reached 1441 in a year after, i don't see a bottom signs, but we could see how it will go
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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.