VET
At the moment we are in an ABC correction of a large elliot impulsive wave structure. I think the C wave will move on to the previous high of the first wave because we already closed a monthly candle beneeth the 0.236 fib and lost support there. If we reach the high of the first wave it is very important that is holds as support. Maybe we will first put a lower high to the weekly 50 MA which sits at around 0.038 dollar before we continue the C wave. When the end of the C wave is reached it is very important that VET holds this support before moving on with the fifth wave. This wave could end at the 1.414 fib or even the 1.618 fib or higher.
I'm not a professional and nothing I say is financial advice!
I'm not a professional and nothing I say is financial advice!
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.