Very tentatively. It appears we had a nice upshot >1.68 of Wave C and a nice deep retrace on that, and then another what appears to be a 1-2 pattern, landing on higher lows. Hence, I am tentatively watching this space. A bit early to look for targets, but that too might change.
Just a quick one, and very risky.
Shorting VET here as it looks like we may just have a blow off top. Hit a 0.618, lets see how it reacts.
Only using a small positon size, but will pay off if this goes to plan!
Another pennant present, could expect a little pull back, if i was to re enter as the set up has already triggered i would look to buy within the golden zones if the price pulls back and signals it will continue long.. (Take at own risk) Price is currently sat just underneath the 2nd interim within an ascending channel, many situations are possible while following...
Its fair to say VET has had quite the pump in the last 4 weeks almost tripling in price. However, in just a few days, we sharply dropped back to around 0.00500, a level in which price has used as resistance a few times in the past. Price may now be using this as support for the current retracement also lining up with the 0.618 fib. Price has wickd below bouncing...
VET/USD just completed the 4th sub-wave of the higher degree 3rd.
I'm expecting one more leg up to complete the 3rd.
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I have already posted my analysis of vet/usd on the week and day. this is a closer look at the sub waves on the 4 hour chart.
As i said before, this looks like the start of a 3rd wave on the larger time scale.
we are currently forming the first sub-waves 1 and 2 of the primary wave 3.
if my count is correct we could get a 90% gain total from the primary wave.
VET looks to me like its completed a wave 1 & 2 and is just starting wave 3.
comments and feedback are welcome and appreciated.
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