Adding a Fibonacci extension we can see this Wave C leg is headed to the 1.618 Extension around 4777$ While I fully expect this target top be hit before an epic short, the market tends to cut good things short. This top can come anywhere between 4500 and the target so get ready and have those training stops ready!
I wouldn't want to be long up here, But I wouldn't want to be short either. Not yet.
Good Luck Out There.
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All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
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.