Lets start with the local inner fibs: Got a nice 5 wave structure obeying the rules and possibly going to end near this 8.236/16.236 confluence. Could as well still go to 3-4-5 usd before reversing as trend is very strong.
On the intermediate it would be very good to trigger 2.618 @ $5.30 on this leg to get a final high target in 4.236 area. If it fails to trigger, it most likely "only" will reach max 3.618
On the large fibs if it happens to trigger 1.886 on the run this will ultimately set even more higher targets for the next leg up to come after this cycle.
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On the intermediate it would be very good to trigger 2.618 @ $5.30 on this leg to get a final high target in 4.236 area. If it fails to trigger, it most likely "only" will reach max 3.618
On the large fibs if it happens to trigger 1.886 on the run this will ultimately set even more higher targets for the next leg up to come after this cycle.
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Nota
on way to lower prices Nota
after 1.272 usually comes 0.886 would back test the brake out
Nota
here we are a) equal legs
b) last legs on 8.236
c) last legs last wave on 8.236
would still make sense to clear stops below 1.00 somehow. starting buy in anyways
Nota
oh and d) clearly corrective pattern with the 2nd legs as a big a** wedgeNota
not too bad taking most off here waiting retrace Nota
awesome how it did that retrace. all reasonable targets remain valid given on the initial analysis
Penafian
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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.