I believe we're still in a corrective structure. If this is the case, then we should ideally drop into the next target box before raising again for c of b.
You can see that so far in this most recent move lower starting @ $228.21, we have a 3-wave move, which I labeled our mini-A wave, followed by a 3-wave move higher labeled B. If you look on the 3min chart from the mini-B wave high of $221.48, we have a 3-wave move lower. This signals the mini c wave is sub-dividing into a 3-wave move. Should it follow a standard path, I would expect price to raise to the $217 area followed by a drop to about $200 to complete mini c of micro-B. That is assuming it follows a standard pattern and is by no means required. We should know in the next day or two, but I believe we ultimately tag the higher target box @ $237-$252 to conclude this minor B wave.
You can see that so far in this most recent move lower starting @ $228.21, we have a 3-wave move, which I labeled our mini-A wave, followed by a 3-wave move higher labeled B. If you look on the 3min chart from the mini-B wave high of $221.48, we have a 3-wave move lower. This signals the mini c wave is sub-dividing into a 3-wave move. Should it follow a standard path, I would expect price to raise to the $217 area followed by a drop to about $200 to complete mini c of micro-B. That is assuming it follows a standard pattern and is by no means required. We should know in the next day or two, but I believe we ultimately tag the higher target box @ $237-$252 to conclude this minor B wave.
Not
Just wanted to point out we have made it into the target box. I will most likely update again sometime next week.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.