Most likely scenario since we already have wave 1 and 2 and also wave 1 of 3 and 2 of 3 (sort of invalidated/rarified the 423% target. 161.8% is also not too probable now but definitely a considerable scenario.
Note
still valid, starts lower now ofcourse, but the targets remain same.Note
Updated wave 4 targets, 37.5k likelyNote
Update:2 cases:
1. We bounced off the 23.6% fib line (a little inaccurately) and are on wave 5 (ill post targets for this scenario later)
2. We are making an expanded flat wave (fits perfectly to fibs) and will dump sharply to 37.5k from 62k.
Note
Pretty Spot on considering how "impossible" it should be to get a 3 point prediction especially if you are a random market hypothesis believer.
Related publications
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.
Related publications
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.