We are analyzing the move starting from August 2024.
The five-wave upward move is complete, and we are now in the corrective phase, which we consider a regular flat.
Wave A is complete. Wave B is also considered complete; a return to the 264 level is possible but unlikely. Wave C is now being drawn.
Key targets:
234 - local correction level
224/219 - potential reversal zones
This correction is part of wave 5.
A second, deeper /b] correction of the entire move is expected later, but that will be covered in future ideas.
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The five-wave upward move is complete, and we are now in the corrective phase, which we consider a regular flat.
Wave A is complete. Wave B is also considered complete; a return to the 264 level is possible but unlikely. Wave C is now being drawn.
Key targets:
234 - local correction level
224/219 - potential reversal zones
This correction is part of wave 5.
A second, deeper /b] correction of the entire move is expected later, but that will be covered in future ideas.
---
Please subscribe and leave a comment!
You’ll get new information faster than anyone else.
---
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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.