Last Friday, August 8, the price failed to progress above the April top as it closed underneath. Hence, there are two possible scenarios from here:
The price could have just completed the first wave up in a larger wave 5, and we may see a retracement. This setup remains valid as long as the price stays above the last wave E of the Triangle at $3,300.
The large sideways consolidation (WXY) might take shape, potentially retesting the bottom of wave A at $3,123. In this case, the target could drop lower, with potential support in the pink box area between $3,700 and $4,100.
Which one do you think plays out?
The price could have just completed the first wave up in a larger wave 5, and we may see a retracement. This setup remains valid as long as the price stays above the last wave E of the Triangle at $3,300.
The large sideways consolidation (WXY) might take shape, potentially retesting the bottom of wave A at $3,123. In this case, the target could drop lower, with potential support in the pink box area between $3,700 and $4,100.
Which one do you think plays out?
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.