Doge Waves History !!!
An interesting result was obtained by analyzing the correction wave lengths after a strong impulsive wave (with more than 50% price rise):
- All correction "Minimum Price" (Red Arrows) are between 0.786-0.618 Fibonacci.
- Almost all "Impulse Start Price" (Green Arrows) are between 0.786-0.618 Fibonacci and above the "Minimum Price" (Red Arrows).
If it repeat itself, now we are may be in "Impulse Area". new impulse may be between 0.417-0.517.
I used my naming in the analysis.
It's just for education.
I will be happy to use your comments.
- All correction "Minimum Price" (Red Arrows) are between 0.786-0.618 Fibonacci.
- Almost all "Impulse Start Price" (Green Arrows) are between 0.786-0.618 Fibonacci and above the "Minimum Price" (Red Arrows).
If it repeat itself, now we are may be in "Impulse Area". new impulse may be between 0.417-0.517.
I used my naming in the analysis.
It's just for education.
I will be happy to use your comments.
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.