as we can see from the chart we are in the 5th wave in (wolfe waves pattern) , so the price most likely to test the line dawned from (1) wave to (4) wave .
let's brake down the chart :
as we can see from the chart : the wave AB traced around 88% from wave (1) , and the second small wave traced 88% from the wave B ,(2) . so iam expecting the next correction will be from arround 88% from the wave (3),(4) at price 0.8048 the wave (2),(3) traced around 1.3% from the wave (0),(1) so i am expecting the wave (4),(5) to trace 1.3% from wave (3),(4) and you may ask why ?
because price took exactly 252 days to form wave (1),(2) and exactly the same number of days to form wave (2),(3) , so the wave (4),(5) most likely will be formed in the same number of days .
from my above explanation we can figure out that the chart moving in a harmonic way .
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.