Wave #2 Ends at Base Channel / 0.382 Fib Retracement?

6 июн. 2022 г.

In green are waves 1, 2, 3, 4 & 5 of the larger wave 1.

In purple is the base channel formed by waves 1 & 2 of the larger wave 1.

In red is the path of waves A, B & C of the larger wave 2.

In orange are the channels for waves A, B & C of the larger wave 2.

When wave c of the larger wave 2 hits into the base channel, it will also be near the 0.382 fibonacci retracement at $23.94.

Could this be when it starts its way up to begin the larger wave 3 (the green arrow)?

I am pretty new to this, so any input as to why this may or may not be the case or what I got right or wrong would or whether you agree or disagree be greatly appreciated.

Hope you liked it. Thanks everyone, have a great day!

6 июн. 2022 г.

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Note: Chart is heiken ashi/logarithmic view and fib levels are also based on log view.

6 июн. 2022 г.

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