ZILBTC finishing its 5th Wave
Updated
Lots of fib levels on this one so its a bit of a mess. Important information on chart and in text below
Currently in Wave 5
Subwaves 1-2 Completed
Wave 3 Extended past 1.618
With wave 3 extension we should assume .786 of waves 1-4
With subwave 1-2 completed in wave 5 Fib level of 1.618 reaches 1615
.786 extension target of primary waves 1-4 reaches 1590
Target price 1590-1615
Currently in Wave 5
Subwaves 1-2 Completed
Wave 3 Extended past 1.618
With wave 3 extension we should assume .786 of waves 1-4
With subwave 1-2 completed in wave 5 Fib level of 1.618 reaches 1615
.786 extension target of primary waves 1-4 reaches 1590
Target price 1590-1615
Trade closed manually
Closing trade @ 1502. Considering how close we came to target and the count having us in 5th wave I would rather take profit early then risk being caught in the wave down. 13.64% profit
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.