Tellor nice move to the upside!
Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (v) of (3) upper is underway.
Below 55.40 we are looking to the downside for a correction wave (4) Possible pullback into 45.71 - 49.40 zone and than we are expecting to go upside to finish wave (5) of the wave (5) of wave (3) with possible target 72.30 zone.
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
Further, impulsive-looking price action, will add credence to the bullish scenario, and suggest wave (v) of (3) upper is underway.
Below 55.40 we are looking to the downside for a correction wave (4) Possible pullback into 45.71 - 49.40 zone and than we are expecting to go upside to finish wave (5) of the wave (5) of wave (3) with possible target 72.30 zone.
Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!
Comment:
Above 46.55 we are looking to the upside to complete a five waves structure, wave (3)
Comment:
Wave ((3)) completed, wave ((4)) ongoing with possible target 0.382 fib retracement of wave ((3)). As the price stays above 46.60 we are watching to complete a 5 waves structure to the upside with possible target 100 zone.
Comment:
Reshaped the count into a possible WXY correction followed by an ongoing wave ((1)) of wave (3) with an unfinished wave ((5)) as the price will stay above 73.83.
Wave ((2)) flat correction as an alternate wave ((4)), we may see a consolidation price into this zone as a triangle wave ((4)) but is still early.
Breaking below 73.83 we may be into wave 2 with wave 1 ended 143.97
Wave ((2)) flat correction as an alternate wave ((4)), we may see a consolidation price into this zone as a triangle wave ((4)) but is still early.
Breaking below 73.83 we may be into wave 2 with wave 1 ended 143.97