Updated
RNDR (Y24.P1.E1).MACRO targets
Hi Traders,
Lets see at the end of this bull run, how accurate was this forecast.
I would not put much weight on what I'm doing here as its for my interest only to see later on what worked and what didn't in terms of using fibonacci and some assumptions.
The minimum I expect is BASE 3 for a parabolic chart, and Base 4 stage would be mega bullish.
****
IF HOWEVER we get it perfect, not to say I will, then it makes a great case to short the level I said it might reach.
Other charts of a similar nature can be found, like FTM
All the best,
S.SAri
Lets see at the end of this bull run, how accurate was this forecast.
I would not put much weight on what I'm doing here as its for my interest only to see later on what worked and what didn't in terms of using fibonacci and some assumptions.
The minimum I expect is BASE 3 for a parabolic chart, and Base 4 stage would be mega bullish.
****
IF HOWEVER we get it perfect, not to say I will, then it makes a great case to short the level I said it might reach.
Other charts of a similar nature can be found, like FTM
All the best,
S.SAri
Note
I have adjusted my targets and BASE definitions.As for that pullback... no surprise it went further than expect but it was a buying opportunity. That could have been our target 2... will give it time and see how fibonacci aligns with it.
Trade closed: target reached
Note
This however suggest more highs to come from a elliot wave count...lets seeNote
That would be a fantastic short if you leveraged . Updating this feed as a means to learning from it.Note
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.