Overview: in the previous update I published on May 27th, I had SOXX close to the completion of wave (III) of c of 3 of (A) of 5.
Update: our proposed structure/path has been followed nicely.
Analysis of the structure: I think we are in wave 4 of (A) of 5 developing as a flat correction. Note that wave (IV) of c of 3 also developed as a flat correction, complicating the analysis of this chart a bit. Based on the fib retracement of wave 3, I see 486.74 or 467.62 as my potential targets for wave 4 bottom.
Analysis of the cycles: we are in the second 40D cycle of the second 80D cycle of the first 20W cycle of a 40W cycle. The upcoming 20W cycle is expected at the end of August. We have not yet seen any FLD breaks to the downside to generate targets.
Update: our proposed structure/path has been followed nicely.
Analysis of the structure: I think we are in wave 4 of (A) of 5 developing as a flat correction. Note that wave (IV) of c of 3 also developed as a flat correction, complicating the analysis of this chart a bit. Based on the fib retracement of wave 3, I see 486.74 or 467.62 as my potential targets for wave 4 bottom.
Analysis of the cycles: we are in the second 40D cycle of the second 80D cycle of the first 20W cycle of a 40W cycle. The upcoming 20W cycle is expected at the end of August. We have not yet seen any FLD breaks to the downside to generate targets.
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.