Be patient. Descending Triangle could break the Wave Pattern!
Updated
Hi guys,
short update. During the last hours a descending triangle has formed.
Potential upside: 3,20
Potential Downside: 1,70
At the moment it looks like we break throw the bottom of the triangle.
1,70 would lead to the 0,5Fib of wave 1-3 - which is not bad and would be healthy after this run. But it would break the wave pattern and we won`t see the move to 3,70 as fast as thought.
So be patient.
No financial advice. Do your own research.
short update. During the last hours a descending triangle has formed.
Potential upside: 3,20
Potential Downside: 1,70
At the moment it looks like we break throw the bottom of the triangle.
1,70 would lead to the 0,5Fib of wave 1-3 - which is not bad and would be healthy after this run. But it would break the wave pattern and we won`t see the move to 3,70 as fast as thought.
So be patient.
No financial advice. Do your own research.
Note
We are on track for Wave 5!Wave 4 completed at 2,33. The descanding triangle turned into a falling wedge.
Mr. Powell wont change rates. Everything is pumping.
Target of Wave 5: 3,57
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