I think we are currently in a mini ABCDE formation. The next target (D wave) can be $3.70 range and lastly (E) wave could retreat to $3.60-3.65.
If the price can pass over the triangle, it can go to the 4.20 level.
If the price can pass over the triangle, it can go to the 4.20 level.
Trade ist aktiv:
We have a new formation. The one I mentioned topped around $4.2 and then retreated $3.80.
Now its new target, in my opinion, is $4.40-4.50 range.
Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.
Now its new target, in my opinion, is $4.40-4.50 range.
Briefly, the price movement from $3.39 to $4.20 was an A wave. $4.20 to $3.70 was a B wave. And, this one will be a C wave. As you can imagine, I expect a further D and E waves.
Trade ist aktiv:
A mini-ABCDE formation is forming at the moment. I think the price will come back to $4.00-$4.04 range and bounce from this level.
Kommentar:
To be more precise, I expect the price hit $3.77.
A little background about what happened so far:
- 1st wave: 3.60-4.40, 2nd wave: 4.40-3.80(ish)