Theta is either making a ABC Correction or headed for a 5th wave. These 2 options will help us understand and see both ways. In pink is the ABC correction scnecario. And the Green is the targets for a extended 5th wave on the 15 min and 1 hour. I'm more leaning towards an ABC correction because we didn't hit the 1.618 on the impulse B wave and came back down. Either way we go this project is extremely bullish and has a ton of potential.
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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.