Be patient. Descending Triangle could break the Wave Pattern!
Hi guys,
short update. During the last hours a descending triangle has formed.
Potential upside: 3,20
Potential Downside: 1,70
At the moment it looks like we break throw the bottom of the triangle.
1,70 would lead to the 0,5Fib of wave 1-3 - which is not bad and would be healthy after this run. But it would break the wave pattern and we won`t see the move to 3,70 as fast as thought.
So be patient.
No financial advice. Do your own research.
short update. During the last hours a descending triangle has formed.
Potential upside: 3,20
Potential Downside: 1,70
At the moment it looks like we break throw the bottom of the triangle.
1,70 would lead to the 0,5Fib of wave 1-3 - which is not bad and would be healthy after this run. But it would break the wave pattern and we won`t see the move to 3,70 as fast as thought.
So be patient.
No financial advice. Do your own research.
Nota
We are on track for Wave 5!Wave 4 completed at 2,33. The descanding triangle turned into a falling wedge.
Mr. Powell wont change rates. Everything is pumping.
Target of Wave 5: 3,57
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.