After checking the 1minute chart on that deep wick. it seems that the wave 4 ended at the 38.2% retracement mark and was an irregular flat wave (wave c = 2.618x wave a).
Here are the targets for wave 5.
we have already crosses the 100% of wave 1 target.
remaining ones are 161.8% (double top or truncated wave 5) or 261.8% of wave 1 (around 9500$).
This will complete the 5 wave structure of a wave 1 that we formed here.
Here are the targets for wave 5.
we have already crosses the 100% of wave 1 target.
remaining ones are 161.8% (double top or truncated wave 5) or 261.8% of wave 1 (around 9500$).
This will complete the 5 wave structure of a wave 1 that we formed here.
Note
For wave 4, see here:
Note
going for 9501
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.