In green are waves 1, 2, 3, 4 & 5 of the larger wave 1.
In purple is the base channel formed by waves 1 & 2 of the larger wave 1.
In red is the path of waves A, B & C of the larger wave 2.
In orange are the channels for waves A, B & C of the larger wave 2.
When wave c of the larger wave 2 hits into the base channel, it will also be near the 0.382 fibonacci retracement at $23.94.
Could this be when it starts its way up to begin the larger wave 3 (the green arrow)?
I am pretty new to this, so any input as to why this may or may not be the case or what I got right or wrong would or whether you agree or disagree be greatly appreciated.
Hope you liked it. Thanks everyone, have a great day!
In purple is the base channel formed by waves 1 & 2 of the larger wave 1.
In red is the path of waves A, B & C of the larger wave 2.
In orange are the channels for waves A, B & C of the larger wave 2.
When wave c of the larger wave 2 hits into the base channel, it will also be near the 0.382 fibonacci retracement at $23.94.
Could this be when it starts its way up to begin the larger wave 3 (the green arrow)?
I am pretty new to this, so any input as to why this may or may not be the case or what I got right or wrong would or whether you agree or disagree be greatly appreciated.
Hope you liked it. Thanks everyone, have a great day!
Nota
Note: Chart is heiken ashi/logarithmic view and fib levels are also based on log view.Nota
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.