Updated
Expected increase in VTIQ using Elliot Wave Theory
Looking at the current 15min TF, it seems like VTIQ has completed its 4th wave down and I expect it to move up to complete the 5th wave before retracing again.
Using Fibonacci extensions from end of 2nd wave to end of 3rd wave, I expect price to move to $32 range by the end of 5th wave with a ratio of 1.272:1, where I believe it will show prices hitting resistance before moving down again
Using Fibonacci extensions from end of 2nd wave to end of 3rd wave, I expect price to move to $32 range by the end of 5th wave with a ratio of 1.272:1, where I believe it will show prices hitting resistance before moving down again
Note
It is not rising as fast as im expecting it to but it is moving upNote
We have lift off :)
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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.