That fractal repeat 2 times before, at 1980-2007 and 1996-2004.
Stage of fractal:
1-) Cup formation.
2-) A bottom under fibo level 1 (yellow box)
3-) Support from indicator trendline.
4-) And go to target price
Minimum bottom level obtained as a result of calculations with EMA(more or less)= 1744$
Target Price = 2905
Stage of fractal:
1-) Cup formation.
2-) A bottom under fibo level 1 (yellow box)
3-) Support from indicator trendline.
4-) And go to target price
Minimum bottom level obtained as a result of calculations with EMA(more or less)= 1744$
Target Price = 2905
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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.
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.