This spike was a "dead cat bounce" in wave 4.
The wave 4 could extend more to make double or triple three.
The target based on the current top in wave 4 offers the target in wave 5 at $10.
There is a 38.2% of wave 1-3 in wave 5.
The wave 4 could extend more to make double or triple three.
The target based on the current top in wave 4 offers the target in wave 5 at $10.
There is a 38.2% of wave 1-3 in wave 5.
Note
This the anatomy of wave C of wave (4) it could hit between 29.80 and 30.20 where 38.2% of wave 1-3 ib wave 5 of C and 1.272 of wave A in wave C.
Note
Trade closed: target reached
Just collapse of the market - no buyers
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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.