Overview:
let's review the key points of the previous update (September 24th):
Update:
Analysis of the Structure:
We are in wave (b) of y of 2, developing as a flat. Right now, we are in wave 5 of c of (b).
Based on the fib retracements of wave (a) of y, I have 4328.89 or 4339.85 as my potential targets for the peak.
Analysis of the Cycles:
I think we got the first 10D cycle trough in the current 40D cycle yesterday. The 10D FLD cross has generated a target of 4350.
Some important dates/major troughs to remember:
1. 20D cycle trough: 17th of October.
2. 80D cycle trough: 25th October to 6th November
We are right at the 40W cycle FLD, which is supporting the price action for now. We might get a downside cross soon/next week.
let's review the key points of the previous update (September 24th):
- 40D cycle trough on September 25th, labeled as wave V of (a) of y of 2.
Update:
Analysis of the Structure:
We are in wave (b) of y of 2, developing as a flat. Right now, we are in wave 5 of c of (b).
Based on the fib retracements of wave (a) of y, I have 4328.89 or 4339.85 as my potential targets for the peak.
Analysis of the Cycles:
I think we got the first 10D cycle trough in the current 40D cycle yesterday. The 10D FLD cross has generated a target of 4350.
Some important dates/major troughs to remember:
1. 20D cycle trough: 17th of October.
2. 80D cycle trough: 25th October to 6th November
We are right at the 40W cycle FLD, which is supporting the price action for now. We might get a downside cross soon/next week.
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.