There are 3 separate Wave 1 & 2's
Chart and Fib extensions are in Log Scale.
Intermediate (White) Wave 3 Targets are:
- 3.618 = $0.12
- 2.618 = $0.09 - $0.10
- 1.618 = $0.07
Minor (Yellow) Wave 3 Targets are:
- 3.618 = $0.14
- 2.618 = $0.09
- 1.618 = $0.057
Now because the intermediate 1.618 is greater than this price, I'm looking for 2.618 and 3.618.
Primary (Light Red) Wave 3 Targets are :
- 3.618 = $0.31
- 2.618 = $0.232
- 1.618 = $0.15
Added a price channel which should act as support and resistance.
Validated by multiple touches.
Keep in mind that a large rally can break through the channel.
Fib predictions aren't scaled to time, they are scaled to price. So it may happen a lot faster and the X axis may be more to the left.
Support at $0.035
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Chart and Fib extensions are in Log Scale.
Intermediate (White) Wave 3 Targets are:
- 3.618 = $0.12
- 2.618 = $0.09 - $0.10
- 1.618 = $0.07
Minor (Yellow) Wave 3 Targets are:
- 3.618 = $0.14
- 2.618 = $0.09
- 1.618 = $0.057
Now because the intermediate 1.618 is greater than this price, I'm looking for 2.618 and 3.618.
Primary (Light Red) Wave 3 Targets are :
- 3.618 = $0.31
- 2.618 = $0.232
- 1.618 = $0.15
Added a price channel which should act as support and resistance.
Validated by multiple touches.
Keep in mind that a large rally can break through the channel.
Fib predictions aren't scaled to time, they are scaled to price. So it may happen a lot faster and the X axis may be more to the left.
Support at $0.035
Not Financial Advice. Please invest only what you can afford to lose. Limit Risk using stop losses below support levels
Comment:
There is an inverse Head & Shoulders and $0.035 is the neck line. It was already backtested.
