Retracement wave A-B was 50% of Impulse wave X-A. B-C was 61% of wave A-B. My feeling is that we have concluded B-C and we have started C-D. C-D should take us to minimum 78% which would be the $50 levels.
Note
There is a Gartley pattern forming on the smaller time frame. Need confirmation of invalidation of this pattern which would be after price crosses point B on the C-D leg. Taking money out of this trade. Will re enter if price crosses 47.36 (Point B).
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.