Just to mull over this chart a bit more after closing the trade.
The bounce arrived at the 1:0.618 extension from ATH with a small amount of overshoot.
Although difficult to see while in progress APE then printed a textbook elliott wave ABC correction where A and C are equidistant to form the very common 1:1 log based fibonacci ratio. Out of any ratio this is the most common for a 3 wave correction and it is interesting that this was the outcome considering the sub-waves were very exotic.
In the C wave one wedge fell into another wedge after the C wave topped.
Then as it approaches the trendline from the swing lows there are a couple of very limp SRP probes upward within in circle before collapsing through and the trend since then accelerating to the downside.
The bounce arrived at the 1:0.618 extension from ATH with a small amount of overshoot.
Although difficult to see while in progress APE then printed a textbook elliott wave ABC correction where A and C are equidistant to form the very common 1:1 log based fibonacci ratio. Out of any ratio this is the most common for a 3 wave correction and it is interesting that this was the outcome considering the sub-waves were very exotic.
In the C wave one wedge fell into another wedge after the C wave topped.
Then as it approaches the trendline from the swing lows there are a couple of very limp SRP probes upward within in circle before collapsing through and the trend since then accelerating to the downside.
Nota
This worked well.
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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Telegram Group: $50 per month✨.
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.