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61.8% and Cup & Handle

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Repeating 61.8% Retracemens and a Large Scale Cup & Handle with the Handle trigger at 61.8% retracement
Expecting drop to 4.2k region before the final pump to the angled 6k Trendline at around 6.8k-7k
Note
snapshot
Target 4390 for end of wave 4 (0.618% of 4574 top)
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5474*
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snapshot
More Fibs
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snapshot
Maximum possible retracement for Wave 4 is $6200
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The Stages of a Market Cycle (Wave)
snapshot
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It would appear the bulls managed to pull off a 23.6% retracement for wave 4, which is incredibly bullish. I now expect wave 5 target (6k trendline to hit by the end of April)
snapshot
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Short closed at 5200, Long opened
Target 6750
Rachel_T
Chart PatternsWave Analysis

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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.
Chart PatternsWave Analysis
Rachel_T

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.