Hi traders,
Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the play button on that update to see how it matched the actual price action.
Today's Update: I see wave b of III developed as a triangle, with its waves A, B, C, and D completed. What follows is a push lower as E of b of III to the 3895 support zone (it can also fall short of that target), then we will see a bullish rally to complete wave III of a of X.
Potential Targets for Wave III top: (~4015)
1. Fib ratio for wave III: 4004.5, 4012.5.
2. Fib ratio for c of III: 4017.25 and 4024.25.
3. As always, when we have subwaves of c of III developed, we can come up with more accurate targets.
Tip for Next Trading Session: I would say wait for your setup and look for bullish daytrades based on the count.
Important Note: if you need a view of the macro count on a daily chart, please refer to my June 24th update.
Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the play button on that update to see how it matched the actual price action.
Today's Update: I see wave b of III developed as a triangle, with its waves A, B, C, and D completed. What follows is a push lower as E of b of III to the 3895 support zone (it can also fall short of that target), then we will see a bullish rally to complete wave III of a of X.
Potential Targets for Wave III top: (~4015)
1. Fib ratio for wave III: 4004.5, 4012.5.
2. Fib ratio for c of III: 4017.25 and 4024.25.
3. As always, when we have subwaves of c of III developed, we can come up with more accurate targets.
Tip for Next Trading Session: I would say wait for your setup and look for bullish daytrades based on the count.
Important Note: if you need a view of the macro count on a daily chart, please refer to my June 24th update.
관련 발행물
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.