Sometimes I will look at the long term chart and as pessimistic as I can be come up with a count like this. Far fetched...yes. Impossible.....no. Some lovely Fibonacci measurements on this long term chart. I appreciate that TradingView finally added the log measurements a little while back to make this type of "analysis" possible.
Note
Just a further addition to this chart. If waves 1 and 3 were equal then perhaps we can expect an extended wave 5. The 1.618 fib extension of waves 1-3 finish dead on my other target points. Interesting?
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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.