However, rather than get ahead of ourselves, lets outline what path price would most likely take if in fact new lows are where we're headed. The micro chart below is a standard impulse wave from the recent highs and how each movement should unfold. The charts shows the first 2 sub waves ( i-ii ) of our 5 wave, larger wave 3 down. The conclusion of the larger wave 3 should be in the area of $800-$900 range. This will be followed by a wave 4 retrace and then a final wave 5 down to the $600-$700 area for a bottom (as outlined in the main chart above).
The above micro chart deserves our close attention, as I have written about extensively, we are approaching a major super cycle bottom. This will be a major buying area.
Go to ewtdaily.com for DETAILED DAILY UPDATES on this ticker, and get a 7-day FREE trial on updates on 27 unique tickers.
Também em:
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.