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AMRX - WXY pattern ongoing ? possible swing for longs

Interesting patterns on that one:
ABCDE triangle with good fibo proportions: BC=61,8% of A, DE=61,8% of BC
---> usually a triangle is a 4th wave or a B wave
---> I assume here it is a B wave since I don't see the other possibility with the 4th wave
Therefore the high at 7,45 could be a C
---> good porportions with A=C
---> but looks more like corrective (ABC) and not impulsive
But let's assume this whole pattern is (W) then
a wave (X) is following as an ABC correction with good fibos again:
A=C
(X)=32,8% of (W)
let's dream and assume this may be correct then an impulse A is coming followed by a B and a C to finally close the WXY pattern
--> would mean short term 6,85USD (1,618 fibo level of the ongoing impulse)
--> middle term about 9 so (Y)=(W) ?
Invalidation under the wave 2 (4,7USD)
Risk reward Ratio=2,3
entry = 6USD (5,9 right now)
target = 9USD
stop = 4,7USD
ABCDE triangle with good fibo proportions: BC=61,8% of A, DE=61,8% of BC
---> usually a triangle is a 4th wave or a B wave
---> I assume here it is a B wave since I don't see the other possibility with the 4th wave
Therefore the high at 7,45 could be a C
---> good porportions with A=C
---> but looks more like corrective (ABC) and not impulsive
But let's assume this whole pattern is (W) then
a wave (X) is following as an ABC correction with good fibos again:
A=C
(X)=32,8% of (W)
let's dream and assume this may be correct then an impulse A is coming followed by a B and a C to finally close the WXY pattern
--> would mean short term 6,85USD (1,618 fibo level of the ongoing impulse)
--> middle term about 9 so (Y)=(W) ?
Invalidation under the wave 2 (4,7USD)
Risk reward Ratio=2,3
entry = 6USD (5,9 right now)
target = 9USD
stop = 4,7USD
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.