I will stick to my original plan that since the bottom we are correcting previous wave with an ABC correction. Now we are in the wave B and subwave c (green) is forming with a very impulsive 1st wave.
If we use fib levels we get a cluster at 0.667(of wave A) and 1.618(of wave b) - around 7800. It's also very near one of the previous ATHs from november 2017 (7900). Many people use fib 0.65 , maybe also many algorithms - so this is even closer to that ATH.
If we use fib levels we get a cluster at 0.667(of wave A) and 1.618(of wave b) - around 7800. It's also very near one of the previous ATHs from november 2017 (7900). Many people use fib 0.65 , maybe also many algorithms - so this is even closer to that ATH.
Note
we hit the target but I'm not convinced if there is enough boolish strength to go up.
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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.