It looks like corrective wave 4 is in the making within a large Triangle
3 waves A, B and C already emerged in 3-waves structure
which confirms triangle
Wave D should stay under the top of wave B
Wave E could either touch or break down the support line
It should keep above the valley of wave C
Target area changed higher as this consolidation tends to narrowing within a
contracting triangle.
Lowest target now $3,900
Optimistic target is at $4,300
Breakdown below $3,123 would invalidate the pattern
3 waves A, B and C already emerged in 3-waves structure
which confirms triangle
Wave D should stay under the top of wave B
Wave E could either touch or break down the support line
It should keep above the valley of wave C
Target area changed higher as this consolidation tends to narrowing within a
contracting triangle.
Lowest target now $3,900
Optimistic target is at $4,300
Breakdown below $3,123 would invalidate the pattern
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.