/*
Update from last post:
Revised target. Yellow 1.618 support/resistance. Trend based fib extension moved from local range to Elliot Wave 1 and 2 seen with dotted yellow 1 .. 2.. (Pulled from High .. Low .. High) .. hence 1.618 support/resistance. 2.0 the target to fulfill (in my opinion Wave 3 then heading to wave 4 as depicted.
Volatility expected as 1.618 coincides with the lowest low not so long ago. I'm personally expecting lower and given the volatility probably a quick wick to the upside.
Note: If looking back on this chart I've drawn. Something similar has already played out before. PLAY WITH FIB EXTENSION! Awesome!
*/
Hi Traders -
Macro view of revised wave count and Gartley Harmonic in support of analysis.
Currently we could be still playing out the 3rd wave opposed to what I mentioned in previous posts where mentioning that were looking for the 5th wave to play out.
Used current bias based on previous example as can be seen with the earlier Gartley Harmonic.
Looking for slightly lower (yellow) 1.618 or (blue) 2.0 for support to end the 3rd Wave into the 4th, wave before wave 5 to play out before the corrective waves.
Trading the moment as there are no certainties and only probabilities.
Update from last post:
Revised target. Yellow 1.618 support/resistance. Trend based fib extension moved from local range to Elliot Wave 1 and 2 seen with dotted yellow 1 .. 2.. (Pulled from High .. Low .. High) .. hence 1.618 support/resistance. 2.0 the target to fulfill (in my opinion Wave 3 then heading to wave 4 as depicted.
Volatility expected as 1.618 coincides with the lowest low not so long ago. I'm personally expecting lower and given the volatility probably a quick wick to the upside.
Note: If looking back on this chart I've drawn. Something similar has already played out before. PLAY WITH FIB EXTENSION! Awesome!
*/
Hi Traders -
Macro view of revised wave count and Gartley Harmonic in support of analysis.
Currently we could be still playing out the 3rd wave opposed to what I mentioned in previous posts where mentioning that were looking for the 5th wave to play out.
Used current bias based on previous example as can be seen with the earlier Gartley Harmonic.
Looking for slightly lower (yellow) 1.618 or (blue) 2.0 for support to end the 3rd Wave into the 4th, wave before wave 5 to play out before the corrective waves.
Trading the moment as there are no certainties and only probabilities.
Trade active
Previous post with local Fib Extension : 
Trade closed: target reached
Activation .. Voyager is ready to launch :D Note
Small bounces of support for me based on experience = uptrend. Take care and be careful but Pepe concerned risk v reward ratio is good as long as youre not leveraged
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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.
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.