My target for this sub-wave 5 of wave 3 is at 78.6% Fib ratio. We saw a similar 78.6% Fib ratio target being hit on the sub-wave 5 during the wave 1.
I am still marking this analysis as long because I am already in a position from 6,200. However for those who are wanting to enter a position, I would wait for confirmation of the count before taking action since it is getting confusing. Having said that, the overall trend is still bullish.
The sub-wave 4 we are currently on is in another strange ABC formation with the 1.618 Fib retracement target hit on B and I expect the double Fib retracement target 0.236 will hit on C.
The overall picture is still bullish and 9,500 - 9,600 is a range with some nice supply for a retracement for the Primary Wave 2.
I am still marking this analysis as long because I am already in a position from 6,200. However for those who are wanting to enter a position, I would wait for confirmation of the count before taking action since it is getting confusing. Having said that, the overall trend is still bullish.
The sub-wave 4 we are currently on is in another strange ABC formation with the 1.618 Fib retracement target hit on B and I expect the double Fib retracement target 0.236 will hit on C.
The overall picture is still bullish and 9,500 - 9,600 is a range with some nice supply for a retracement for the Primary Wave 2.
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.
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.