Well, price made it into the box as I had forecasted. Is the pattern done for now to the upside? We cannot say yet, but if it does move higher, we should be looking to the 1.618 @ $126.16 for a reaction. I think another high to the 1.618 would fit great into the pattern after some slight consolidation to lower MACD. If we can do that before making another high, we would be carving out some neg div to help push price down for minor B.
Once we do in fact have a top in place for minor A, I will draw some fibs to help track the move lower. As of now, I am seeing the $85-$92 area for B to drop to.
Eventually, I see this pattern up in the $150-$180 range for the (B) wave completion. It will be some time before (B) completes though. (A) took 13 months to complete. If (B) follows suit that means it won't be done until around April-May 2026.
Let me know if you have any questions.
Once we do in fact have a top in place for minor A, I will draw some fibs to help track the move lower. As of now, I am seeing the $85-$92 area for B to drop to.
Eventually, I see this pattern up in the $150-$180 range for the (B) wave completion. It will be some time before (B) completes though. (A) took 13 months to complete. If (B) follows suit that means it won't be done until around April-May 2026.
Let me know if you have any questions.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.