Open has shown relative stability in recent weeks, with moderate volumes and contained price swings. Currently, it appears to be in a Wyckoff accumulation phase, consolidating within a defined range.
Based on the previous 5-wave Elliott movement, which ended with a truncated fifth wave, the first theoretical price target could be around $9.
This is purely a study hypothesis, yet to be confirmed.
This is not financial advice, but an observation based on technical analysis.
Based on the previous 5-wave Elliott movement, which ended with a truncated fifth wave, the first theoretical price target could be around $9.
This is purely a study hypothesis, yet to be confirmed.
This is not financial advice, but an observation based on technical analysis.
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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.
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.