ETH Long from 420 to 520; Just finished ABC Corrections.
We just finished an ABC correction for wave 2. Wave A, if you zoom in, shows a very clear 12345 impulse.
[img]i.imgur.com/TNuh5gn.png[/img]
Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag.
Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a point for reversal. In addition, on the RSI, we see a bullish falling wedge just ready to break out.
If we use our Fibonacci Extension of the the big wave 1 (black wave), we get targets of 520 and 580 for a 1 to 1 and 1.618, respectively. Remember, wave 3 is never the shortest and usually the longest.
[img]i.imgur.com/TNuh5gn.png[/img]
Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag.
Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a point for reversal. In addition, on the RSI, we see a bullish falling wedge just ready to break out.
If we use our Fibonacci Extension of the the big wave 1 (black wave), we get targets of 520 and 580 for a 1 to 1 and 1.618, respectively. Remember, wave 3 is never the shortest and usually the longest.
Not
The time has finally come!
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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.
İlgili yayınlar
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.