This move seems possible based on previous moves. One thing that does seem a bit off is the short amount of time till recent bottom. Also possible to see a long price in the next 7 weeks assuming that each Eliot wave takes roughly 10 weeks. The last one taking 3 weeks seems does seem to short.
This image is a bit more clear on price levels with less clutter on the screen.
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.
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.