continuation of previous idea on longer time frame.
old idea is taking much longer than expected so the chart there looks like a mess.
this chart looks cleaner and has same targets.
this is a price projection only.
time is variable and boxes maybe shifted left and right.
since we have a lot of 4th waves involved, time could take longer than expected.
overall trend is up, but no huge moves in either direction are projected.
this forecast becomes invalid below 218.31 (green wave i)
old idea is taking much longer than expected so the chart there looks like a mess.
this chart looks cleaner and has same targets.
this is a price projection only.
time is variable and boxes maybe shifted left and right.
since we have a lot of 4th waves involved, time could take longer than expected.
overall trend is up, but no huge moves in either direction are projected.
this forecast becomes invalid below 218.31 (green wave i)
Note
next stop is UP around 230Note
3 of 5 is finished target met.next we have two options. favored option is we drop back into green IV . overbought indicators favor this outcome.
alternative is breakout straight to green 5 which is less likely.
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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.
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.