Blow Off Top with Negative Divergence
We're possibly moving toward a Blow Off Top with Negative Divergence.
Note the ABC tied in perfectly with 12345 waves.
The Fibionacci extension shows where this could go.
The megaphone possible limits the lat move to C to 50% of the last Fib retracement one might normally expect.
Note the ABC tied in perfectly with 12345 waves.
The Fibionacci extension shows where this could go.
The megaphone possible limits the lat move to C to 50% of the last Fib retracement one might normally expect.
Note
PS - Note that B and 5 are in the same position.
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Related publications
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.