Originally published Aug 1st, this updated chart zooms in a little closer to look at potential pullback possibilities.
Yellow boxes represent a = c.
Grey extension target is c = 1.618 of wave a. This ratio has been chosen because inside the first wave a, wave c of that structure is 1.618 of a. Fractal market theory suggests we could see this again, at a larger scale, hence the potential grey extension of the larger abc pattern.
Yellow boxes represent a = c.
Grey extension target is c = 1.618 of wave a. This ratio has been chosen because inside the first wave a, wave c of that structure is 1.618 of a. Fractal market theory suggests we could see this again, at a larger scale, hence the potential grey extension of the larger abc pattern.
Andrew J.D. Long, MFTA
MATASII.com
MATASII.com
