Retesting the range highs will confirm the partial decline, and signal, statistically, a breakout to new highs is most likely.
Ive marked out a few targets on the way, but the resolution of this pattern will likely take out (C) and make new highs.
A simple 1.618 extension of the local correction would take you to 63, with the measured move of the double botton targeting 83.
The 1.618 extension of wave 1 would take you into the upper zone at 94$. Looking
Looking for a move above 45.57 and retest, ideally.
Ive marked out a few targets on the way, but the resolution of this pattern will likely take out (C) and make new highs.
A simple 1.618 extension of the local correction would take you to 63, with the measured move of the double botton targeting 83.
The 1.618 extension of wave 1 would take you into the upper zone at 94$. Looking
Looking for a move above 45.57 and retest, ideally.
discord.gg/2b6UjxEY
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discord.gg/2b6UjxEY
Join our free discord.
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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.