Hi guys,
Support is visible (dotted yellow line) hitting the right coordinates over time. We also see that the first wave had a retracement of 61.8%. The third wave had a retracement of 78.6%. Hard to tell what the correction will look like after the 5th wave completes the cycle.
I've set up a hypothetical corrective guideline where the (A), (B) and (C) points of the correction hit at 50%, 38.2% and 100% respectively.
Towards the end of the chart we are seeing sideways movement which indicates that a breakout is about to occur.
Remember to do your own research and gather as much information as possible before buying/selling.
Support is visible (dotted yellow line) hitting the right coordinates over time. We also see that the first wave had a retracement of 61.8%. The third wave had a retracement of 78.6%. Hard to tell what the correction will look like after the 5th wave completes the cycle.
I've set up a hypothetical corrective guideline where the (A), (B) and (C) points of the correction hit at 50%, 38.2% and 100% respectively.
Towards the end of the chart we are seeing sideways movement which indicates that a breakout is about to occur.
Remember to do your own research and gather as much information as possible before buying/selling.