Exponential growth exhibited on these last few bars here. Id expect this to be the deviation low / spring phase of wyckoff accumulation.
We would want to see a recovery of 01, as support which would be your test. If the test is successful, we would look for a powerful third wave into the 618 around 03.
Eventually making our way to 05, for the equilibrium of the range. That would be the top of this broadening pattern, and an extension of that would be expected if we break .05.
First we'd likely take out that wick high at 08, but as wild as it sounds, the measured move of the broadening bottom would be a 100% extension, which would be around .30 cents
Again, just following the levels, and step 1 would be recovering 01, then a test of 014. Invalidation of the idea would be a new low, that disregards the broadening trend, however, a new low period, imo, would be red flags, we've seen 3 drives here and timewise total3 is expanding.
We would want to see a recovery of 01, as support which would be your test. If the test is successful, we would look for a powerful third wave into the 618 around 03.
Eventually making our way to 05, for the equilibrium of the range. That would be the top of this broadening pattern, and an extension of that would be expected if we break .05.
First we'd likely take out that wick high at 08, but as wild as it sounds, the measured move of the broadening bottom would be a 100% extension, which would be around .30 cents
Again, just following the levels, and step 1 would be recovering 01, then a test of 014. Invalidation of the idea would be a new low, that disregards the broadening trend, however, a new low period, imo, would be red flags, we've seen 3 drives here and timewise total3 is expanding.