This whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far.
Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension.
The 3/C wave ended with wave 5 as an ending diagonal.
Now, the fall from the absolute high of 4327 has been impulsive so far with a series of 1-2-i-ii.
The first target post a completion of 5 waves up is the range of the 4th wave of lower degree. This comes at 4113-4080.
This level also coincides with the 0.382 retracement of the entire rise from 3723.
Given that the entire move from the top is impulsive, we can expect a minimum of a 5-3-5 correction. After that is done, we can evaluate if it evolves into a further decline, or pushes towards a new high.
Summary: Target - 4080. Further decline to be evaluated based on the evolving structure after that.
-ansible/entropy
Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension.
The 3/C wave ended with wave 5 as an ending diagonal.
Now, the fall from the absolute high of 4327 has been impulsive so far with a series of 1-2-i-ii.
The first target post a completion of 5 waves up is the range of the 4th wave of lower degree. This comes at 4113-4080.
This level also coincides with the 0.382 retracement of the entire rise from 3723.
Given that the entire move from the top is impulsive, we can expect a minimum of a 5-3-5 correction. After that is done, we can evaluate if it evolves into a further decline, or pushes towards a new high.
Summary: Target - 4080. Further decline to be evaluated based on the evolving structure after that.
-ansible/entropy
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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.