If you've been following me, my last post showed how wave C was finishing up. From there, an impulse wave came followed by another correction. Not just that, but another impulse wave came right after (yellow arrows).
This impulse wave was very sharp and vertical. As a result, the corrective waves are going to be steeper than normal. You can see this in how wave A is especially steep compared to the previous wave A.
Right now, it's on the upward trajectory of a wave B. After that, wave C will come with 5 subwaves down. When this is done, another impulse wave will follow if there isn't an extended correction. Expect it to exceed the 7 dollar price target.
This impulse wave was very sharp and vertical. As a result, the corrective waves are going to be steeper than normal. You can see this in how wave A is especially steep compared to the previous wave A.
Right now, it's on the upward trajectory of a wave B. After that, wave C will come with 5 subwaves down. When this is done, another impulse wave will follow if there isn't an extended correction. Expect it to exceed the 7 dollar price target.
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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.