$7700 is a strong target for these reasons:
1. 0.382 Fib retracement level (Wave 1 started at $6504)
2. If you take the length of Subwave A and overlay it over Subwave C, it ends at $7700.
3. Drawing the mini-subwaves of Subwave C leads to a target of $7700.
1. 0.382 Fib retracement level (Wave 1 started at $6504)
2. If you take the length of Subwave A and overlay it over Subwave C, it ends at $7700.
3. Drawing the mini-subwaves of Subwave C leads to a target of $7700.
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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.