Monthly Chart
Price has stayed within the pitchfork and bouncing off major fibs, also bouncing on support resistance of pitchfork lines(btw, pitchfork is set using .618 not default of .5)
At the current trend, who says we can't reach fib 3.618 by Feb 2024 - no one really knows so stay with the trend until it ends.
Since we kinda blew through fib 2($247.94), using Elliott wave theory of alternation, we should see a pause at fib 3($338.36).
Price has stayed within the pitchfork and bouncing off major fibs, also bouncing on support resistance of pitchfork lines(btw, pitchfork is set using .618 not default of .5)
At the current trend, who says we can't reach fib 3.618 by Feb 2024 - no one really knows so stay with the trend until it ends.
Since we kinda blew through fib 2($247.94), using Elliott wave theory of alternation, we should see a pause at fib 3($338.36).
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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.