Headed Higher Through 2.15 and 2.97
The corrective pattern developing in wave (2) has been stubbornly pervasive for nearly an entire year but recent price action would suggest the end of wave (2) has finally come.
It appears that wave C of (2) developed as a neat and textbook ending diagonal with a perfect reversal from our downside limit of 1.50 (the wave (1) origin). Ending diagonals typically imply swift and sizable reversals and price should now begin to develop higher in an impulsive manner through 2.15 and 2.97 in wave 3 of (3) against the 1.50 low. A violation of 1.50 voids the bullish forecast.
It appears that wave C of (2) developed as a neat and textbook ending diagonal with a perfect reversal from our downside limit of 1.50 (the wave (1) origin). Ending diagonals typically imply swift and sizable reversals and price should now begin to develop higher in an impulsive manner through 2.15 and 2.97 in wave 3 of (3) against the 1.50 low. A violation of 1.50 voids the bullish forecast.
Jayce, CEWA
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.