$62 target for GM ?
Intriguing behavior:
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
Catatan
Catatan
Very short term, I think GM is in (iii) of 1 of (5) of III. If old relationship works, GM will find top of (iii) soon around 43 before retracing back to 38-40 levels. If you want to get in, these levels (if actually happen) are good entries.
Pernyataan Penyangkalan
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.
Pernyataan Penyangkalan
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.