3-wave structure and the possibility of forming a Double Zigzag
In the weekly chart, the main 4th wave has been completed in the range of $ 1047, and the price is currently in subsets of the 5th wave, in which the price is also in wave IV. According to the weekly chart, the price level of $ 2200 can be achievable, and we can forecast the overall growth of the trend for the next year.
( Weekly Chart )
In the daily chart
Wave III has been ended in the range of $ 2075, and in IV Wave, due to the 3-wave structure, it is possible that the Double ZigZag pattern will be formed, according to this structure, we can consider short-term goals of $ 1735 to $ 1648.
In 240-minute chart, the details of the wave count have been shown
( Daily Chart )
( Weekly Chart )
In the daily chart
Wave III has been ended in the range of $ 2075, and in IV Wave, due to the 3-wave structure, it is possible that the Double ZigZag pattern will be formed, according to this structure, we can consider short-term goals of $ 1735 to $ 1648.
In 240-minute chart, the details of the wave count have been shown
( Daily Chart )
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.