US500 REVISED PRICE ZONE 4430-4550-4670.
This is based on the futures so far from the top 4808-3502= 1300pts, and now in a counter trend move which is in progress from the low of 3502.
From 3502-4180= 680pts (A) then a consolidation from 4180-3790= 400pts(B), C=3790+680=4470(100%), 3790+768=4558(113%),3790+865= 4655.
The extension from 4327-3502= 4435(113%), 4552(127%)
Retrace from 4808-3502= 4310(62%), 4530(78%) & 4670(88%).
Consolidation is probable between 4235-4150-4012 (88%-78%-62%) of 4327-3502 before continuation higher to break above 4327 and complete the 1st part of a complex consolidation at 4430-4550 or upto 4655(more on this later as the price and setup develops).
When looking at this from a complex correction then there is another scenario where this can potentially develop in 5 waves then the upside price target would be 4655-4670 price zone. These corrections are in the form of ABC OR WXYXZ.
For now it is likely an (A)3502-4180,B4180-3790,C3709-? = 4430-4550(100%-113%)
Have an awesome weekend.
From 3502-4180= 680pts (A) then a consolidation from 4180-3790= 400pts(B), C=3790+680=4470(100%), 3790+768=4558(113%),3790+865= 4655.
The extension from 4327-3502= 4435(113%), 4552(127%)
Retrace from 4808-3502= 4310(62%), 4530(78%) & 4670(88%).
Consolidation is probable between 4235-4150-4012 (88%-78%-62%) of 4327-3502 before continuation higher to break above 4327 and complete the 1st part of a complex consolidation at 4430-4550 or upto 4655(more on this later as the price and setup develops).
When looking at this from a complex correction then there is another scenario where this can potentially develop in 5 waves then the upside price target would be 4655-4670 price zone. These corrections are in the form of ABC OR WXYXZ.
For now it is likely an (A)3502-4180,B4180-3790,C3709-? = 4430-4550(100%-113%)
Have an awesome weekend.
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.