Greetings :)
Today we got two scenarios ready for you!
Scenario 1:
The low of the 20th August is the finished green Wave 2 and the bounce we saw from the support area can be counted as the white 5 wave move up which finished the blue Wave 1. It do be not the pretties 5 wave move up. The sharp drop after the high of the 25th August can be seen as blue Wave 2 and we started the 3rd Wave up.
Scenario 2:
The low of the 20th August was only the A Wave of a bigger correction and the bounce we saw was an overshooting B Wave which topped on the 25th of August and currently we are working on Wave C down which would then finished the green Wave 2. The next target for the C would be the 1 to 1 FIB at 178.82 USD which is in confluence with the two lower white trendlines we put on the chart.
The green Wave 2 support are lies between the 0.5 FIB at 180.84 USD and the 0.786 FIB at 166.08 USD. In either Scenario as long as we hold support we are looking for a aggressive Wave 3 to the upside which should take us to 300 USD+ respectively to a new ATH.
We think both scenarios are likely but we lean slightly to Scenario 1.
Thanks for reading.
NO FINANCIAL ADVICE.
Today we got two scenarios ready for you!
Scenario 1:
The low of the 20th August is the finished green Wave 2 and the bounce we saw from the support area can be counted as the white 5 wave move up which finished the blue Wave 1. It do be not the pretties 5 wave move up. The sharp drop after the high of the 25th August can be seen as blue Wave 2 and we started the 3rd Wave up.
Scenario 2:
The low of the 20th August was only the A Wave of a bigger correction and the bounce we saw was an overshooting B Wave which topped on the 25th of August and currently we are working on Wave C down which would then finished the green Wave 2. The next target for the C would be the 1 to 1 FIB at 178.82 USD which is in confluence with the two lower white trendlines we put on the chart.
The green Wave 2 support are lies between the 0.5 FIB at 180.84 USD and the 0.786 FIB at 166.08 USD. In either Scenario as long as we hold support we are looking for a aggressive Wave 3 to the upside which should take us to 300 USD+ respectively to a new ATH.
We think both scenarios are likely but we lean slightly to Scenario 1.
Thanks for reading.
NO FINANCIAL ADVICE.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.