one of readers hinted at this alternative but viable scenario
under my earlier post today
In this case, wave 4 could be a triangle ABCDE
it is already fully completed and moreover the bullish trigger was pulled
as peak of wave D at $7,551 was overcame
Target is in the blue box at 38.2-61.8% Fibonacci ratios of waves 1-3 between
$7,918 and $8,226
Invalidation is close tight at the valley of wave E below $7,422
under my earlier post today
In this case, wave 4 could be a triangle ABCDE
it is already fully completed and moreover the bullish trigger was pulled
as peak of wave D at $7,551 was overcame
Target is in the blue box at 38.2-61.8% Fibonacci ratios of waves 1-3 between
$7,918 and $8,226
Invalidation is close tight at the valley of wave E below $7,422
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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.