Wave 5 Long-Term Target: Fibonacci Projection Indicates 28,867
Wave 5 Long-Term Target: Fibonacci Projection Indicates 28,867
Wave 1: 15,214 to 18,893
Wave 3: 16,833 to 26,290
Wave 4 Complete: 22,022 (Correction Phase Ended)
Calculation:
Wave 1-3 Range: 26,290 - 15,214 = 11,076
61.8% of Wave 1-3: 11,076 × 0.618 = 6,844.97
Wave 5 Target: 22,022 + 6,844.97 = 28,867
Conclusion:
Wave 4 has completed, confirming a long-term bullish outlook. If Wave 5 follows the 61.8% Fibonacci extension rule, its estimated target is 28,867. This projection helps us to set long-term price targets and confirmations. You can view my previous analysis of wave 4 published on 20 FEB.
Wave 1: 15,214 to 18,893
Wave 3: 16,833 to 26,290
Wave 4 Complete: 22,022 (Correction Phase Ended)
Calculation:
Wave 1-3 Range: 26,290 - 15,214 = 11,076
61.8% of Wave 1-3: 11,076 × 0.618 = 6,844.97
Wave 5 Target: 22,022 + 6,844.97 = 28,867
Conclusion:
Wave 4 has completed, confirming a long-term bullish outlook. If Wave 5 follows the 61.8% Fibonacci extension rule, its estimated target is 28,867. This projection helps us to set long-term price targets and confirmations. You can view my previous analysis of wave 4 published on 20 FEB.
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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.