We have a possible cup and handle on the 1D chart - need confirmation.
We have a possible (somewhat skewed H & S on the 30min - 1h chart. Looks like retest is in play. Need more confirmation.
If confirmed it looks like Elliot Wave 4 is complete and we will start wave 5. Wave 3 went to 1.618 on the Fibonacci scale and I am predicting Wave 5 to end close to the 2.68 Fib. This intersects with the cup and handle target.
Target is $75-$80 - thinking sometime mid-end of April.
This is not trading advice! LOL
We have a possible (somewhat skewed H & S on the 30min - 1h chart. Looks like retest is in play. Need more confirmation.
If confirmed it looks like Elliot Wave 4 is complete and we will start wave 5. Wave 3 went to 1.618 on the Fibonacci scale and I am predicting Wave 5 to end close to the 2.68 Fib. This intersects with the cup and handle target.
Target is $75-$80 - thinking sometime mid-end of April.
This is not trading advice! LOL
Comment:
I actually just realized we are completing wave 4 of major wave 3 and that the 3 in my image is possible where the 5 is. So more gains to come! TP2 is around $100 mark!
Comment:
I think we may have a confirmation....a little volatile but wanting to break out!