as we can see from the chart we are in the 5th wave in (wolfe waves pattern) , so the price most likely to test the line dawned from (1) wave to (4) wave .
let's brake down the chart :
as we can see from the chart : the wave AB traced around 88% from wave (1) , and the second small wave traced 88% from the wave B ,(2) . so iam expecting the next correction will be from arround 88% from the wave (3),(4) at price 0.8048
the wave (2),(3) traced around 1.3% from the wave (0),(1) so i am expecting the wave (4),(5) to trace 1.3% from wave (3),(4) and you may ask why ?
because price took exactly 252 days to form wave (1),(2) and exactly the same number of days to form wave (2),(3) , so the wave (4),(5) most likely will be formed in the same number of days .
from my above explanation we can figure out that the chart moving in a harmonic way .
let's wait and see
let's brake down the chart :
as we can see from the chart : the wave AB traced around 88% from wave (1) , and the second small wave traced 88% from the wave B ,(2) . so iam expecting the next correction will be from arround 88% from the wave (3),(4) at price 0.8048
the wave (2),(3) traced around 1.3% from the wave (0),(1) so i am expecting the wave (4),(5) to trace 1.3% from wave (3),(4) and you may ask why ?
because price took exactly 252 days to form wave (1),(2) and exactly the same number of days to form wave (2),(3) , so the wave (4),(5) most likely will be formed in the same number of days .
from my above explanation we can figure out that the chart moving in a harmonic way .
let's wait and see