Updated
Nano is ready for wave 3
The first wave, which became a failure once it retraced past its origin, was the final correction. The following wave, which we will now consider wave 1, hit 0.0008920. Wave 2 has retraced to the 0.618 region, signaling the start of wave 3. We will target the 1 to 1 extension, but observe the likelihood of hitting the 1.618 level. Once we pass 0.0008920, that will become our stop-loss.
Note
We pulled back a little further than expected; the whole market took a dip. We're still very shaky. Don't be fooled by a few green days, we still have a long way to go. Pending favorable market conditions, our targets still stand, for the impulse wave has not been invalidated.
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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.