I continue to consider that growth is not confirmed by technical indicators. Including decrease in volumes speaks about growth attenuation. As my previous idea was wrong, I tried to define the place of the end of growth through the wave analysis. I consider that the price is in a wave of III of (III) now and is extended. On Fibonacci's stretching should be the purpose of growth about 30000 that corresponds 2.618 according to Fibonacci. Then big correction in the IV wave should follow. After a price reversal it will be possible to predict the purposes on correction.
Information provided is only educational and should not be used to take action in the market.
Information provided is only educational and should not be used to take action in the market.
Bình luận:
I will wait for confirmation of a turn on price action.
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I created the new idea on sale upon termination of the III wave according to this idea.
Bình luận:
Continuation in the new idea
