Interpretation:
strongly held above the short-term trendline during past a few weeks => red wave valid
red wave: if increment-1 = increment-3 = increment-5, the peak-5 will go to 1390
orange wave: if increment-1 = increment-3, it also goes to around 1390
red and orange will meet around the new-year 2018, at price $1410
Here is how it starts:
11-17: breakthrough consolidation area, which has been around 2~3 weeks long
Prediction:
will test 1306 very soon, if cross it, will then test 1350, then if cross again, let's see it around 1390 in 1.5~3 months!
And it's still just wave-3 in the longer term!
Note: 1390 is a conservative prediction, could be even higher.
After this goal, it may pull back to around 1330 as wave-4(orange).
strongly held above the short-term trendline during past a few weeks => red wave valid
red wave: if increment-1 = increment-3 = increment-5, the peak-5 will go to 1390
orange wave: if increment-1 = increment-3, it also goes to around 1390
red and orange will meet around the new-year 2018, at price $1410
Here is how it starts:
11-17: breakthrough consolidation area, which has been around 2~3 weeks long
Prediction:
will test 1306 very soon, if cross it, will then test 1350, then if cross again, let's see it around 1390 in 1.5~3 months!
And it's still just wave-3 in the longer term!
Note: 1390 is a conservative prediction, could be even higher.
After this goal, it may pull back to around 1330 as wave-4(orange).
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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.