We may be nearing the end of our wave (b) with an ending diagonal as seen here. This goes back to some of my earlier predictions of a rally to $14500-$17500 and would fit this narrative nicely. It is typical, however, for wave 5 of ED's to overthrow or overextend past the trend lines so play it safe here. If this is correct, however, we can expect a strong (c) wave up after we find support, especially if wave (c) is a multiple greater than 1 of wave (a), i.e. 1.618xA=C.


Комментарий:
Pushed above bottom trend-line back into the diagonal with a 5 wave impulse, looking good so far.
Комментарий:
Starting to think this is the more realistic wedge we're dealing with. An ending diagonal for our wave c. Note it is not uncommon for wave 5s in diagonals to fall short or overshoot the support trend line.


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.