롱
AMRX - WXY pattern ongoing ? possible swing for longs

Interesting patterns on that one:
ABCDE triangle with good fibo proportions: BC=61,8% of A, DE=61,8% of BC
---> usually a triangle is a 4th wave or a B wave
---> I assume here it is a B wave since I don't see the other possibility with the 4th wave
Therefore the high at 7,45 could be a C
---> good porportions with A=C
---> but looks more like corrective (ABC) and not impulsive
But let's assume this whole pattern is (W) then
a wave (X) is following as an ABC correction with good fibos again:
A=C
(X)=32,8% of (W)
let's dream and assume this may be correct then an impulse A is coming followed by a B and a C to finally close the WXY pattern
--> would mean short term 6,85USD (1,618 fibo level of the ongoing impulse)
--> middle term about 9 so (Y)=(W) ?
Invalidation under the wave 2 (4,7USD)
Risk reward Ratio=2,3
entry = 6USD (5,9 right now)
target = 9USD
stop = 4,7USD
ABCDE triangle with good fibo proportions: BC=61,8% of A, DE=61,8% of BC
---> usually a triangle is a 4th wave or a B wave
---> I assume here it is a B wave since I don't see the other possibility with the 4th wave
Therefore the high at 7,45 could be a C
---> good porportions with A=C
---> but looks more like corrective (ABC) and not impulsive
But let's assume this whole pattern is (W) then
a wave (X) is following as an ABC correction with good fibos again:
A=C
(X)=32,8% of (W)
let's dream and assume this may be correct then an impulse A is coming followed by a B and a C to finally close the WXY pattern
--> would mean short term 6,85USD (1,618 fibo level of the ongoing impulse)
--> middle term about 9 so (Y)=(W) ?
Invalidation under the wave 2 (4,7USD)
Risk reward Ratio=2,3
entry = 6USD (5,9 right now)
target = 9USD
stop = 4,7USD
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.