Overview: let's review our expectation on the update of yesterday:
"Looking at the hourly chart, I think we have completed wave III of (c) of b and after a pullback as wave IV, we should push higher to complete wave b of zigzag, most probably on Tuesday morning."
and
"Potential target for wave b peak? 4120-4150"
Update: I think last night we completed wave IV, and today was the completion of wave A of V.
We need to refine our target for wave b peak: (~4190)
1) Retracement of wave a: 4152, 4165.5, and 4186.25
2) Fib ratio between waves (a) and (c) of flat: 4142.25, 4159.25, 4186.5
3) Wave V of (c): 4191
"Looking at the hourly chart, I think we have completed wave III of (c) of b and after a pullback as wave IV, we should push higher to complete wave b of zigzag, most probably on Tuesday morning."
and
"Potential target for wave b peak? 4120-4150"
Update: I think last night we completed wave IV, and today was the completion of wave A of V.
We need to refine our target for wave b peak: (~4190)
1) Retracement of wave a: 4152, 4165.5, and 4186.25
2) Fib ratio between waves (a) and (c) of flat: 4142.25, 4159.25, 4186.5
3) Wave V of (c): 4191
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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.