Also see the Weekly chart from today.
B waves often have a Fibonacci relationship to the A wave. You can see the recent daily top is just short of the .618 retraction. The B wave top may be in or could be a little more rise to the actual .618 level. There is a W base short term. If price pops above the lid of the W we may see a measured move up as indicated by the vertical arrows on the second chart. Of course it could always keep going up. All of this is just a plausible guess but it helps me anticipate when to take a position if it works out.
Hope this is helpful to you or at least interesting.
Take care. Feedback always appreciated.
B waves often have a Fibonacci relationship to the A wave. You can see the recent daily top is just short of the .618 retraction. The B wave top may be in or could be a little more rise to the actual .618 level. There is a W base short term. If price pops above the lid of the W we may see a measured move up as indicated by the vertical arrows on the second chart. Of course it could always keep going up. All of this is just a plausible guess but it helps me anticipate when to take a position if it works out.
Hope this is helpful to you or at least interesting.
Take care. Feedback always appreciated.
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إخلاء المسؤولية
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.
منشورات ذات صلة
إخلاء المسؤولية
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.