We have just finished our correction and are looking to start wave 5 of this amazing run.
During the correction, you will see that we hit the fib lines perfectly, ending with a kiss to the 618 line. The fib extension for the 5th wave matches perfectly with the retracement of this correction, so I am thinking we will reach $7.15 (to possibly even $9.80) for this next run.
Don't know about ya'll but I'm stocking up on more IOTA!
disclaimer: NOT advice, only my opinion. DYOR and use this only for comparison
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Closer view:
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correction: i said the fib extension lines up with the retracement of the correction. it lines up with the retracement of wave 3.
dude AWESOME info im really tired but cant wait to get deep into ur predictions!
spacemonkeey
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Here is my projection for this next wave. If we assume the first 2 subwaves are now complete, then we can do some simple fig retracements and extensions to figure out where we are going. Subwave 2 retraced to .618, so we know that subwave 4 will not retrace as much. Eyeing the .382 level of the extension for the bottom of subwave 4.
I also am using price boxes to deduce where the peak of this wave will be. I draw one price box from the lowest low of the prior wave to the top of it, move it over to this wave so that the bottom of the box aligns with the bottom of the new wave. I draw a second price box starting at the *breakout* point of the prior wave (and to the top again). Moving this box over so that the bottom aligns once again, I look for the small space where the two boxes do NOT overlap. That is my potential sell target window.
(Sorry if that's confusing. I have a 2 year old screaming my name as I type this.)