Price printed a textbook motif wave 1 and ABC wave 2 correction ending at the 61.8 Fibonacci retracement golden pocket and High Volume Node (HVN) major support.
Price continues to flirt with weekly 200EMA and looks ready for another test as resistance on the local chart.
The weekly pivot still looms above but if price is in a macro wave 3 we should punch through these resistances over the next few weeks and head towards long term target of $80.
Wave 2 can extend all the way $1.80 before invalidation, though the lower prices goes, the lower the probability of the analysis being correct
Safe trading
Price continues to flirt with weekly 200EMA and looks ready for another test as resistance on the local chart.
The weekly pivot still looms above but if price is in a macro wave 3 we should punch through these resistances over the next few weeks and head towards long term target of $80.
Wave 2 can extend all the way $1.80 before invalidation, though the lower prices goes, the lower the probability of the analysis being correct
Safe trading
MSc Financial Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
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MSc Financial Economist, Studying PhD in Investing and Social Mood, Technical Analyst 6+ years, Investor 13+ years
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。