If we are to consider Corrective Wave A (currently appearing as a leading diagonal) to have completed after touching $0.081, then the usual retracements for a Corrective Wave B is between 32.8% to 78.6%.
This assumes that this Corrective ABC is a ZigZag, thanks to the appearance of Wave A as a leading diagonal.
This theory lends to the idea that our target entry point is $0.10 while we sell when price action nears $0.14, where we expect Wave B to end.
This assumes that this Corrective ABC is a ZigZag, thanks to the appearance of Wave A as a leading diagonal.
This theory lends to the idea that our target entry point is $0.10 while we sell when price action nears $0.14, where we expect Wave B to end.
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.
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.