After the bullish 5 wave pattern,
it looks a little bit like a
corrective triangle pattern
has begun to form.
D Wave.
With the completion of
a double top pattern
at the 136 zone,
the D wave of
the triangle pattern
will have met its
61.8% Fib Level requirement
along the triangle trendline.
E Wave
The location of the projected
61.8% retracement from the
D Wave endpoint seems logical
because that is where price
can be expected to run out of
momentum
Only time will tell
it looks a little bit like a
corrective triangle pattern
has begun to form.
D Wave.
With the completion of
a double top pattern
at the 136 zone,
the D wave of
the triangle pattern
will have met its
61.8% Fib Level requirement
along the triangle trendline.
E Wave
The location of the projected
61.8% retracement from the
D Wave endpoint seems logical
because that is where price
can be expected to run out of
momentum
Only time will tell
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.