Similar triangles highlighted forming on wave originally spotted by Gokic, second one is approx 1/3rd bigger so extending the waves from the 1st one by a similar amount for the second set.
Long term support line is in yellow and has held so far. Larger blue impulse could retrace to that putting it in the 0.682 fib area for the retracement.
Comments welcome!
Long term support line is in yellow and has held so far. Larger blue impulse could retrace to that putting it in the 0.682 fib area for the retracement.
Comments welcome!
Note
Make or break time, long term support line under heavy test!
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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.