As outlined in prior updates, the first corrective move within the ongoing advance of Minute Wave ⓥ found its support right at the apex of the equivalence lines✨— a key structural point within the Leading Diagonal of Intermediate Wave (1).
This reaction continues to support the case for a potential extension in Wave ⓥ of Minor Wave 5, suggesting the uptrend remains intact — with differing degrees of bullish structures still in play.
Breakout confirmation keeps the adjusted $9.10🎯 Fib target in play — +162%📈 upside potential into early December.
Wave Analysis: Based on the Bullish Alt. Scenario (Weekly Frame)
The entire advance since mid-April appears to be unfolding as Intermediate Wave (1) — potentially forming a Leading Expanding Diagonal, shaped like a happy shark!! 🌊🦈🌊🌊
This early structure may be laying the groundwork for much larger impulsive Intermediate advance within Primary Wave ⓷ (not visible on the daily timeframe).
The expanding diagonal signals a broader bullish shift, potentially anchoring a sustained long-term uptrend. Long-term structure continues to build — monitor closely for breakout confirmation and volume support.
🔖 For context, refer to the Weekly Bullish Alt. Scenario published on Oct. 1st.
#TradingView #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #Investing #BTBT
#DataCenters #CryptoMining #AIStocks #HPC #ETH #Ethereum
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
