Price is trading in an impulse pattern, we have wave (4) as a triangle pattern expecting a sell-off for wave (5) completion.
We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.
We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.