All of TradingView's fib tools work on linear scale, even when viewing charts on log scale. If you do popular fib extensions and retracements at log scale, you get THE textbook targets for Elliott Wave. This is not a coincidence, it's not luck or chance. There are big institutional investors out there buying and selling at these levels and these are their targets.
Notes are in the chart. We are currently on Wave 4, looking for an ABCDE triangle and a shallow 23.6% (61.8% linear) retracement.
Notes are in the chart. We are currently on Wave 4, looking for an ABCDE triangle and a shallow 23.6% (61.8% linear) retracement.
