It looks like corrective wave 4 is in the making within a large Triangle
3 waves A, B and C already emerged in 3-waves structure
which confirms triangle
Wave D should stay under the top of wave B
Wave E could either touch or break down the support line
It should keep above the valley of wave C
Target area changed higher as this consolidation tends to narrowing within a
contracting triangle.
Lowest target now $3,900
Optimistic target is at $4,300
Breakdown below $3,123 would invalidate the pattern
3 waves A, B and C already emerged in 3-waves structure
which confirms triangle
Wave D should stay under the top of wave B
Wave E could either touch or break down the support line
It should keep above the valley of wave C
Target area changed higher as this consolidation tends to narrowing within a
contracting triangle.
Lowest target now $3,900
Optimistic target is at $4,300
Breakdown below $3,123 would invalidate the pattern
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.