$62 target for GM ?
Intriguing behavior:
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
- Same relationship found in yellow and orange waves:
(3) = 161.8% of (1)
(iii) = 161.8% of (i)
(4) = 61.8% of (3)
(iv) = 61.8% of (iii)
- Both degrees violate traditional EWT in the same manner.
- What currently in place:
(v) = 123.6% of (i)+(ii)+(iii)
Extrapolate this relationship to the higher degree:
(5) --> 123.6% of (1)+(2)+(3)
III --> 161.8% of I
Both extrapolated levels find each other at $62 level.
This is the expected maximum for wave III. Be aware that this is long term target.
Nota
Nota
Very short term, I think GM is in (iii) of 1 of (5) of III. If old relationship works, GM will find top of (iii) soon around 43 before retracing back to 38-40 levels. If you want to get in, these levels (if actually happen) are good entries.
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.
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.