A wild stab in the dark

25 May 2018

*DISCLAIMER* I see this recent move up as mostly impulsive and think further upside is the most likely outcome.

I am just posting this for fun to see if it plays out like the last one similar. I do think there is a decent chance this plays out, however less likely than the bullish case.

0.618 fib extension for this wave c of (b) because it would stay above the 1.618 fib retracement of wave (a), keeping the possibility of a corrective move afloat.


*THIS IS NOT TRADING ADVICE*

25 May 2018

Not

Looking at it again, it seems even more unliekly since we had what seems to be a 5-wave move up off the low and b wave cannot have a 5-wave structure.

This was the fractal I was thinking about when posting, in case it still does pan out:

That one was a larger zig-zag, since wave (a) was a 5-wave structure. This would have to be an expanded flat with (a) being 3 waves and (b) extending below the start of (a).

25 May 2018

Not

Also notice the similar patterns in both wave b's RSI.

25 May 2018

Not

First target hit.

28 May 2018

Not

28 May 2018

İşlem kapandı: hedefe ulaştı