2180-2638=A/1, 2638--2465-2641-2631= FLAT(A,B,C) for now, therefore if 2431 completed B then C=2431+460(A100%)=2890.
If 2182-2634=A or 2182-2634=4th and 2641-2431=1st of the 5th wave then upside from 2431= 2560-2600 or upto 2620-2630 for the 2nd of the 5th.
To eliminate the 5th wave probability then price has to exceed 2620-2641 which is even better then that will give an upside price projection T1=2690-2760, T2= 2840-2890.
Should prices stall between 2560-2585 or 2620-2630 and break below 2500 then the 5th wave is probably in play, however if prices hold above 2500-2530 then the upside will be probable.
If 2182-2634=A or 2182-2634=4th and 2641-2431=1st of the 5th wave then upside from 2431= 2560-2600 or upto 2620-2630 for the 2nd of the 5th.
To eliminate the 5th wave probability then price has to exceed 2620-2641 which is even better then that will give an upside price projection T1=2690-2760, T2= 2840-2890.
Should prices stall between 2560-2585 or 2620-2630 and break below 2500 then the 5th wave is probably in play, however if prices hold above 2500-2530 then the upside will be probable.
Note
overnight prices have been capped by 2530 and are now testing 2500-2480 price zone, this changes the out look and potential down side break below 2485-2480 then lower prices into 2470-2460 or 2450-2440.break below 2440-2430 then expect 2400-2360 price zone.
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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.