Now that we have reached our first target of $10900, we can see that the five wave move is incomplete. Using fib levels we calculated the middle of the 5 wave structure to be at $9500. Using symmetry from this middle point we have a final target of $15000, which will complete the five wave move breaking the previous high, which also coincides with the sell area on the weekly chart.
Time is the only true currency...how will you spend yours and what value will you receive?
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.