1st Cycle – Completed
Impulse Waves: (1) → (5)
Corrective Waves: A → B → C
Classic wave symmetry with post-correction breakout
2nd Cycle – In Progress
Wave (1) and (2) formed strong base
Wave (3) extended sharply, ends at 607
Wave (4) correction expected near 390
Wave (5) projected target: 830+
Analyst Learning Takeaways
Wave 3 typically shows strongest momentum—confirmed here with a sharp rally to 607
Wave 4 often retraces 38–50% of Wave 3, making 390 a logical support zone
Wave 5 tends to mirror Wave 1 or exceed it if sentiment and volume align
Analyst View The current wave structure suggests a healthy impulsive cycle with textbook symmetry. Wave 3 has shown strong directional conviction, and the expected Wave 4 correction toward 390 aligns with Fibonacci retracement norms. If price stabilizes above 390, it confirms buyer strength and sets the stage for Wave 5. The projected target of 830+ is based on proportional extension logic and prior cycle behavior. This setup resembles the 2014 rally, where a similar Wave 4 held and led to a breakout. Traders should monitor volume and sentiment near 390—any breakdown below this level would invalidate the bullish continuation and call for reassessment.
Impulse Waves: (1) → (5)
Corrective Waves: A → B → C
Classic wave symmetry with post-correction breakout
2nd Cycle – In Progress
Wave (1) and (2) formed strong base
Wave (3) extended sharply, ends at 607
Wave (4) correction expected near 390
Wave (5) projected target: 830+
Analyst Learning Takeaways
Wave 3 typically shows strongest momentum—confirmed here with a sharp rally to 607
Wave 4 often retraces 38–50% of Wave 3, making 390 a logical support zone
Wave 5 tends to mirror Wave 1 or exceed it if sentiment and volume align
Analyst View The current wave structure suggests a healthy impulsive cycle with textbook symmetry. Wave 3 has shown strong directional conviction, and the expected Wave 4 correction toward 390 aligns with Fibonacci retracement norms. If price stabilizes above 390, it confirms buyer strength and sets the stage for Wave 5. The projected target of 830+ is based on proportional extension logic and prior cycle behavior. This setup resembles the 2014 rally, where a similar Wave 4 held and led to a breakout. Traders should monitor volume and sentiment near 390—any breakdown below this level would invalidate the bullish continuation and call for reassessment.
Haftungsausschluss
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Haftungsausschluss
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.