I have zoomed us out to the 4HR chart today. There are a couple different reasons for this. I have just begun tracking the NASDAQ, so I am not as familiar with it as I am the Tesla or Rivian charts. So bear with me while I nail down the pattern it is in and the different possibilities.
Zoomed out it appears we need another high to complete this larger C wave. The larger wave i-ii points to the box I have drawn on the chart. Looking at the smaller time frames the other fib lines I have drawn show that the endpoint for that micro move is with-in the same target zone as our macro count. We should have a small pullback to around $15518 and then head up towards $16000. If I am correct in this, we would then retrace for a wave 4 but I don't want to get ahead of ourselves. Let's wait for price proves to us it's intentions.
Again, don't make trading decision based upon this analysis. But please track it, check it to see its accuracy. If it comes to be true, then maybe check out my other work and learn a thing or two. As always ask questions/leave comments, I will answer them as soon as i can.
Bonam Fortunam,
--Tyler
Zoomed out it appears we need another high to complete this larger C wave. The larger wave i-ii points to the box I have drawn on the chart. Looking at the smaller time frames the other fib lines I have drawn show that the endpoint for that micro move is with-in the same target zone as our macro count. We should have a small pullback to around $15518 and then head up towards $16000. If I am correct in this, we would then retrace for a wave 4 but I don't want to get ahead of ourselves. Let's wait for price proves to us it's intentions.
Again, don't make trading decision based upon this analysis. But please track it, check it to see its accuracy. If it comes to be true, then maybe check out my other work and learn a thing or two. As always ask questions/leave comments, I will answer them as soon as i can.
Bonam Fortunam,
--Tyler
Nota
24hrs later and we are in exactly the same place as yesterday. It could continue up to $16K from here, or if it starts back down, could go to the 0.786 @ $15518.Nota
We hit the $16000 mark today. I will post tonight for an update of where we're headed to next
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.