In this video, I break down why I posted the earlier chart (linked below).
After studying this pattern for hours, I finally decoded the Wave 2 correction for Wave C—just in time to take a long trade at support.
A solid protective stop is around $81,274, while a break above $82,759 offers partial confirmation.
The key confirmation level, however, is $88,788. Since that’s still quite far, AriasWave allows for early entries if the analysis proves accurate. Given the large 1-2 formation, I anticipate price moving close to all-time highs, but I’ll keep you updated along the way.
After studying this pattern for hours, I finally decoded the Wave 2 correction for Wave C—just in time to take a long trade at support.
A solid protective stop is around $81,274, while a break above $82,759 offers partial confirmation.
The key confirmation level, however, is $88,788. Since that’s still quite far, AriasWave allows for early entries if the analysis proves accurate. Given the large 1-2 formation, I anticipate price moving close to all-time highs, but I’ll keep you updated along the way.
Trade active
Looks like we may have one more low, I will explain in the next video. The last zig-zag was incomplete by the looks of it.
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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.
Related publications
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.