expecting wave (5) will push the share price to all time high
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possible wave (4) expectations
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OR
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preferred count
alternative count
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- wave 3 may reach one of the common fib extension levels, e.g. 1.618 or 2.618
- wave 4 should not overlap with wave 1, therefore $5.05(end of wave 1) could be a key support level for bulls
- wave 4 should not overlap with wave 1, therefore $5.05(end of wave 1) could be a key support level for bulls
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if overlapping do occur, plus divergence between price & indicators, then wave (5) could be an ending diagonal.
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current trend on the daily chart is up: higher highs & higher lows in price, Guppy EMAs also says bullish
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'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email：info@ewc.space
Email：info@ewc.space
wave (3) equals approx 1.618 times the length of wave (1)
wave (4) has retraced within 0.382 - 0.5 range