good afternoon o/
someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made.
triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree.
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the bullish invalidation on this triangle sits at yesterdays low of (45050.0).
can't go below this level, not even by a penny if this is going to play out as projected on my chart.
the textbook upside target sits at $51,113.50, but an expansion to 53k is expected.
----
Wave 5 target = $51,113.50
someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made.
triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree.
----
the bullish invalidation on this triangle sits at yesterdays low of (45050.0).
can't go below this level, not even by a penny if this is going to play out as projected on my chart.
the textbook upside target sits at $51,113.50, but an expansion to 53k is expected.
----
Wave 5 target = $51,113.50
Note
market slowly starting to break down, i've moved to cash until further notice.
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.