Hey traders and hodlers!
Good news!
Currently everything is going according to plan 2 and in my opinion we are heading up 🚀
Option 1: The correction wave E was short with correction to the level of 24% from wave D (plus minus some very small deviations in that range).
And yet most likely the movement will fit into the ranges shown on the graph.
Option 2: The standard ABC correction took place instead of the ABCDE triangle from the growth of the big wave 3 and from the bottom of the correctional wave C the formation of the wave 5 started of the rising pattern.
The approximate target options are the same as stated on the chart.
The standard version is 0.618% of the ascending wave 3 to the level of the approximate 10,800 with the succeeding return down as per option 1 on the graph.
SUMMARY:
Wave 5 could complete its formation after visiting 0,618 % region of the 3rd wavelength to the range of 10,800 (option 1).
From these levels a big correction of ABC from the entire upward movement can begin but the wave correction at small timeframes does not yet confirm such event development.
Therefore, the upward movement is not yet complete and I will continue observing.
Attention!
This is not financial advice, DYOR 😉
Good news!
Currently everything is going according to plan 2 and in my opinion we are heading up 🚀
Option 1: The correction wave E was short with correction to the level of 24% from wave D (plus minus some very small deviations in that range).
And yet most likely the movement will fit into the ranges shown on the graph.
Option 2: The standard ABC correction took place instead of the ABCDE triangle from the growth of the big wave 3 and from the bottom of the correctional wave C the formation of the wave 5 started of the rising pattern.
The approximate target options are the same as stated on the chart.
The standard version is 0.618% of the ascending wave 3 to the level of the approximate 10,800 with the succeeding return down as per option 1 on the graph.
SUMMARY:
Wave 5 could complete its formation after visiting 0,618 % region of the 3rd wavelength to the range of 10,800 (option 1).
From these levels a big correction of ABC from the entire upward movement can begin but the wave correction at small timeframes does not yet confirm such event development.
Therefore, the upward movement is not yet complete and I will continue observing.
Attention!
This is not financial advice, DYOR 😉
Trade closed: target reached