From the 2019 - 2022 bull run, the long drawn complex corrective phase is beginning to trace out a major A_B_C formation to complete its 5 impulse and 3 corrective wave.
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.