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
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Publications connexes
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.