Seems we turned around right at the 3.618 extension in my last post (see link below). I am thinking it is likely we are seeing an expanded flat ABC here, with the b wave extending 123.6% of wave a and we can expect wave c to extend to 123.6% of wave a's length as well, from wave b's termination. It could, however, fall in the range between 61.8-1.618%.

$6850 target before moving towards $7900.


*THIS IS NOT TRADING ADVICE*

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.