This could very easily be a channel in which case we would expect a higher wave circl iv, but for the time being I am watching it as an ending diagonal.
I welcome feed back.
First target: $6000-$5500
Second Target: $5000-$4700
*THIS IS NOT TRADING ADVICE*
I welcome feed back.
First target: $6000-$5500
Second Target: $5000-$4700
*THIS IS NOT TRADING ADVICE*
Note
Also this: Pretty clear triangle forming for wave circle iv, which usually signifies the final move of the wave is coming. Get your bags ready folks.
Note
Wow what a morning. I'm chaning my count slightly and ruling out the ending diagonal. I now believe we are in a channel for wave c of 4 of C of (4). $8400 invalidates.Note
Previously posted count slightly off, see chart: The triangle was actually wave b of circle iv, this morning's move is wave c (in this count)
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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.