The JASMY chart appears to be completing an initial five-wave structure from its lows set in December 2022, a pattern that aligns with Elliott Wave Theory. This pattern suggests the current move is a primary impulsive wave, indicative of the start of a larger trend or a significant counter-trend rally.
Current Situation:
• Fifth Wave Target: The ongoing fifth wave is expected to reach the $0.70-$1.00 region, marking the conclusion of this impulsive phase.
• Corrective Phase Expectations: Following the completion of the fifth wave, a sizeable correction is anticipated, potentially retracing to the Fibonacci levels:
• 38.2% retracement: Around $0.25.
• 61.8% retracement: Around $0.10, depending on where the fifth wave ends.
Key Considerations:
• If the fifth wave demonstrates strength, it could overshoot expectations, possibly invalidating this range.
• The subsequent correction would likely align with standard corrective patterns (zigzag, flat, or triangle), providing entry opportunities for long-term positions.
Current Situation:
• Fifth Wave Target: The ongoing fifth wave is expected to reach the $0.70-$1.00 region, marking the conclusion of this impulsive phase.
• Corrective Phase Expectations: Following the completion of the fifth wave, a sizeable correction is anticipated, potentially retracing to the Fibonacci levels:
• 38.2% retracement: Around $0.25.
• 61.8% retracement: Around $0.10, depending on where the fifth wave ends.
Key Considerations:
• If the fifth wave demonstrates strength, it could overshoot expectations, possibly invalidating this range.
• The subsequent correction would likely align with standard corrective patterns (zigzag, flat, or triangle), providing entry opportunities for long-term positions.
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.