So that pump last night was unexpected, so had to move around the wave points. The overall results don't change however.
Because Wave 1 ended around $7450, this should not correct below $7450. Below $7450 and the entire wave is invalidated. I expect the correction to go to lowest $7600 based on how the wave is looking and historical supports. However, I suspect it may stop at only $7700 based on the 0.382 and how bullish the market is behaving. Subwave A stopped at EXACTLY the 0.236 fib level, so why wouldn't subwave C end at exactly the 0.382 level?
Because Wave 1 ended around $7450, this should not correct below $7450. Below $7450 and the entire wave is invalidated. I expect the correction to go to lowest $7600 based on how the wave is looking and historical supports. However, I suspect it may stop at only $7700 based on the 0.382 and how bullish the market is behaving. Subwave A stopped at EXACTLY the 0.236 fib level, so why wouldn't subwave C end at exactly the 0.382 level?
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.
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.