Lets start with the local inner fibs: Got a nice 5 wave structure obeying the rules and possibly going to end near this 8.236/16.236 confluence. Could as well still go to 3-4-5 usd before reversing as trend is very strong.
On the intermediate it would be very good to trigger 2.618 @ $5.30 on this leg to get a final high target in 4.236 area. If it fails to trigger, it most likely "only" will reach max 3.618
On the large fibs if it happens to trigger 1.886 on the run this will ultimately set even more higher targets for the next leg up to come after this cycle.
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On the intermediate it would be very good to trigger 2.618 @ $5.30 on this leg to get a final high target in 4.236 area. If it fails to trigger, it most likely "only" will reach max 3.618
On the large fibs if it happens to trigger 1.886 on the run this will ultimately set even more higher targets for the next leg up to come after this cycle.
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
노트
on way to lower prices 노트
after 1.272 usually comes 0.886 would back test the brake out
노트
here we are a) equal legs
b) last legs on 8.236
c) last legs last wave on 8.236
would still make sense to clear stops below 1.00 somehow. starting buy in anyways
노트
oh and d) clearly corrective pattern with the 2nd legs as a big a** wedge노트
not too bad taking most off here waiting retrace 노트
awesome how it did that retrace. all reasonable targets remain valid given on the initial analysis
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