Initial Impulse Move (P1 to P2): The strong upward movement from $90.33 to $153 shows significant bullish momentum.
Healthy Retracement (P2 to P3): The pullback to $87 represents a deep correction—deeper than the starting point, suggesting a potential shakeout before resuming upward.
Extension Projection: Using the 1.618 level from this wave structure, the projected price of ~$187 serves as a potential target or resistance level where price may react or consolidate.
Technical Significance: The 1.618 level is often used by traders to anticipate where profit-taking or trend exhaustion may occur in strong moves, especially after a retracement.
Healthy Retracement (P2 to P3): The pullback to $87 represents a deep correction—deeper than the starting point, suggesting a potential shakeout before resuming upward.
Extension Projection: Using the 1.618 level from this wave structure, the projected price of ~$187 serves as a potential target or resistance level where price may react or consolidate.
Technical Significance: The 1.618 level is often used by traders to anticipate where profit-taking or trend exhaustion may occur in strong moves, especially after a retracement.
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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.