On the chart we see a minuette and subminuette wave, where the minuette waves have enden wave (v) which is also 1,38 on fibonacci drawn from 0 to (iii) the last minuette leg (v) with subminuette waves have an extended wave v. if the price fails to break 76.500 we could see an extension of minuette and subminuette waves v. The price target is 76.317. a break of that level will drive the price down to 76.060.
( the overall fibonacci is drawn from textbox 0 to 1)
On the 1 hour chart we have a harmonic pattern also, starting from May 14, 11:00.
( the overall fibonacci is drawn from textbox 0 to 1)
On the 1 hour chart we have a harmonic pattern also, starting from May 14, 11:00.
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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.