$62 target for GM ?
Intriguing behavior:
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
Nota
Nota
Very short term, I think GM is in (iii) of 1 of (5) of III. If old relationship works, GM will find top of (iii) soon around 43 before retracing back to 38-40 levels. If you want to get in, these levels (if actually happen) are good entries.
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.