Please ignore where 4 and 5 land, there are just placeholders
We might currently be navigating through the third wave. It's crucial to seek additional confirmation that the second wave has indeed concluded. Assuming we're moving into or are already in the third wave, and should it fulfill expectations by reaching the 1.618 Fibonacci extension level, here's a strategy to consider:
1.618 Level: At this point, consider selling most of your position. This level often marks the completion of the third wave in Elliott Wave Theory, indicating a strong potential for reversal or consolidation.
2.0 Level: Sell a little more of your holdings here. Reaching this extension suggests continued bullish momentum beyond typical expectations, offering a strategic point to secure further profits.
2.618 Level: Sell all remaining positions at this level. This represents an extraordinary extension, rarely achieved, indicating an opportune moment to capitalize on the wave's full potential.
Remember, we're speculating on the progression into the third wave. Keep an eye out for confirmation that wave 2 has indeed finished.
These strategies and levels are based on personal analysis and are not professional financial advice. Always conduct your own due diligence.
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With the drop to the lower target I will post a new chart
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