Looks like we have two scenarios that could play out.
GREEN: we have traded the 1,2,3 wave and are now consolidating for a 4th, which means that we begin to see a turnaround back to the bull-side for a 5th wave completion over $44. We are currently sitting at the 38.2% retracement level which is usually where the 4th wave ends, so any pickups backed by volume would lean towards confirming this scenario.
GOLD: we have completed an entire first wave cycle and are now currently consolidating, which means we keep declining into the 50% and made even 61.8% retracement levels ($26-$23 range) before finding buyers. If this is the cases, we get a significant bull rally off the back of this decline, potentially driving us past the current high of $56
GREEN: we have traded the 1,2,3 wave and are now consolidating for a 4th, which means that we begin to see a turnaround back to the bull-side for a 5th wave completion over $44. We are currently sitting at the 38.2% retracement level which is usually where the 4th wave ends, so any pickups backed by volume would lean towards confirming this scenario.
GOLD: we have completed an entire first wave cycle and are now currently consolidating, which means we keep declining into the 50% and made even 61.8% retracement levels ($26-$23 range) before finding buyers. If this is the cases, we get a significant bull rally off the back of this decline, potentially driving us past the current high of $56
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.