Initial Impulse Move (P1 to P2): The strong upward movement from $90.33 to $153 shows significant bullish momentum.
Healthy Retracement (P2 to P3): The pullback to $87 represents a deep correction—deeper than the starting point, suggesting a potential shakeout before resuming upward.
Extension Projection: Using the 1.618 level from this wave structure, the projected price of ~$187 serves as a potential target or resistance level where price may react or consolidate.
Technical Significance: The 1.618 level is often used by traders to anticipate where profit-taking or trend exhaustion may occur in strong moves, especially after a retracement.
Healthy Retracement (P2 to P3): The pullback to $87 represents a deep correction—deeper than the starting point, suggesting a potential shakeout before resuming upward.
Extension Projection: Using the 1.618 level from this wave structure, the projected price of ~$187 serves as a potential target or resistance level where price may react or consolidate.
Technical Significance: The 1.618 level is often used by traders to anticipate where profit-taking or trend exhaustion may occur in strong moves, especially after a retracement.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.