Nota
The previously mentioned denial above 95$ played out.Assuming a sideways wave 2 as shown, the expectation for a wave 4 would be a sharp move.
In this case there'd still be a bit left to go down (not necessarily straight from here).
Afterwards the goal would still be that 98$+ zone, possibly to close that gap around 100$.
Nota
Got that 100$ target and then some.Overall, as shown in the initial post, I'm expecting a bigger (upwards) correction of the move from the all time high. The 137$ - 145$ range looks like a good minimal target for that.
As for a count, here are some possibilities I see:
a) An extended wave 5 in the impulse of wave A
b) A sharp multizigzag
c) We're currently just in wave 3 of an impulse, which would be only an A wave.
There's also the consideration that the low could've been at the 79.2$ spot, with a truncated wave 5. That would influence how many swings to expect for the impulse (orange count).
Nota
Pretty good estimate for at least a local top and a necessary correction in the last update in all shown counts.All those counts are still possible, though this one looks most fitting at this point:
The correction would look a bit short in time, so this might be only the first actionary wave of the corrective, possibly turning into a sideways correction.
The zone around 100$ would still be once to watch for a hold for starters.
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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.