So WTC has filled in a bearish broadening wedge which looks very much like the first ascent we made breaking through the first broadening wedge in what was the first wave. At current price levels we are currently touching intermediate trendline (possible entry point) and will likely bounce back into the tip of the second wave making a 162% increase from the first one if we follow the golden ratio. After which we could come back and test longer term trendline (thicker black line).
These arrows are simply the broad strokes, of what i think the midterm price action will look like. Obviously if the price breaks mid or long term trend lines it could be a reversal.
These arrows are simply the broad strokes, of what i think the midterm price action will look like. Obviously if the price breaks mid or long term trend lines it could be a reversal.