As we can see, first ascending triangle broke, as i expected. Now waiting for the second triangle to break.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go for sure up to .61.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go for sure up to .61.
Note
First prediction confirmed. Second ascending triangle just broke 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.