S&P/ASX 200 Breakout, Wave 3 rallying up to 8400 and then 11600
ASX 200 has finally broken out of Wave 2 correction, Wave 3 shall rally up to 8400, which is 1.618 extension of Wave 1.
If ASX 200 behaves similarly to what happened after 1987, this Wave 3 will go up to 1.618 extension and drop from there temporarily, and then rally all the way up to at least 2.618 extension of Wave 1, which is 11600.
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.