Update wave count from previous post and target remain the same.
Overall bullish AF ...... Running flat !!
In term of proability i got 4 confluence at 1.631-1.677 level (Green box)
1. Extension 1:1 at "1.631" from 16 May high to 22 June low to 2 Sep high
2. 0.618 of Wave i from correction flat end at ii at "1.642"
3. Weekly support level around "1.677"
4. Wave iii line up 0.618 around "1.644" (In case wave 3 hit around 0.618 and wave v might fail depend on wave iv retrace) or Wave v hit around the target later
Note : read carefully
1. Wave iii should fall below 1.910 (wave i). buy below 1.900 would be great.
2. Wave iii and v can move differently from this chart. You might need to monitor closely. because it might not hit green box as well.
- If wave iii hit 0.618 of wave i (fib internal) wave v would be 0.382 of wave iii. and wave v can fail to make new low if wave iv retrace >0.618.
- Wave iii and wave v can be double bottom or double swing failure, if wave iv retrace <0.618. (in case wave iv retrace under wave i)
3. Slowly buy under 1.9 would be a great idea.
4. Invalidate if price fall below 1.4. (roughly 15% from green box)
5. i might be wrong. your money, have your own plan.
Overall bullish AF ...... Running flat !!
In term of proability i got 4 confluence at 1.631-1.677 level (Green box)
1. Extension 1:1 at "1.631" from 16 May high to 22 June low to 2 Sep high
2. 0.618 of Wave i from correction flat end at ii at "1.642"
3. Weekly support level around "1.677"
4. Wave iii line up 0.618 around "1.644" (In case wave 3 hit around 0.618 and wave v might fail depend on wave iv retrace) or Wave v hit around the target later
Note : read carefully
1. Wave iii should fall below 1.910 (wave i). buy below 1.900 would be great.
2. Wave iii and v can move differently from this chart. You might need to monitor closely. because it might not hit green box as well.
- If wave iii hit 0.618 of wave i (fib internal) wave v would be 0.382 of wave iii. and wave v can fail to make new low if wave iv retrace >0.618.
- Wave iii and wave v can be double bottom or double swing failure, if wave iv retrace <0.618. (in case wave iv retrace under wave i)
3. Slowly buy under 1.9 would be a great idea.
4. Invalidate if price fall below 1.4. (roughly 15% from green box)
5. i might be wrong. your money, have your own plan.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.