In this chart, I am zooming in for closer look at the chart over the last 26 months.
Jan 2021 was the peak of the first Major Wave 1 which ran from 2.5p to £1.825 & which consisted of a clear 1,2,3,4,5 pattern.
From Jan 2021 the Corrective Major Wave 2 then took hold and saw the price fall from £1.82 all the way back down to 62p on 13th October 2022 in a typical A,B,C Zig-Zag Correction.
Since that date, the price action has been very constructive and we have now seen an initial 1,2,3,4,5 advance (from 62p to £1.18) & then another A,B,C Zig-Zag correction from £1.18 back to 90p (50% Fib retracement).
Over the last month the next Motive Wave has got underway wit the price now having moved swiftly to £1.12 & has cleared (B) of the Corrective Wave 2 - first buy signal confirmed.
The longer term £3+ price target remains intact and near-term £1.75 looks highly likely as then Motive Wave gathers followers and steam.
Jan 2021 was the peak of the first Major Wave 1 which ran from 2.5p to £1.825 & which consisted of a clear 1,2,3,4,5 pattern.
From Jan 2021 the Corrective Major Wave 2 then took hold and saw the price fall from £1.82 all the way back down to 62p on 13th October 2022 in a typical A,B,C Zig-Zag Correction.
Since that date, the price action has been very constructive and we have now seen an initial 1,2,3,4,5 advance (from 62p to £1.18) & then another A,B,C Zig-Zag correction from £1.18 back to 90p (50% Fib retracement).
Over the last month the next Motive Wave has got underway wit the price now having moved swiftly to £1.12 & has cleared (B) of the Corrective Wave 2 - first buy signal confirmed.
The longer term £3+ price target remains intact and near-term £1.75 looks highly likely as then Motive Wave gathers followers and steam.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.