May be long term play to 360s but short term to the small wave 3 isn't too bad. I know I ain't patient, neeeiiiihh.
If you are patient and like it, this set up has some good confluences that I like.
1. Big Wave 2 on .78 fib, looking also like the head of a big bull SHS structure.
2. Smaller Wave (2) bouncing on .61 fib which was also on the bottom of the trend it has been on this year. Same trend I am waiting to see if it breaks or does another test of the .61 before getting my toe on it.
3. Wave (2) looks like the second shoulder on the SHS.
4. SHS and 100% extension of (1) both take wave (3) to the same spot, same spot that has some fib confluences with the big 1 and 2 waves, same spot that has some previous resistance and supports.
Ok enough with these confluences. Enjoy yieahh
If you are patient and like it, this set up has some good confluences that I like.
1. Big Wave 2 on .78 fib, looking also like the head of a big bull SHS structure.
2. Smaller Wave (2) bouncing on .61 fib which was also on the bottom of the trend it has been on this year. Same trend I am waiting to see if it breaks or does another test of the .61 before getting my toe on it.
3. Wave (2) looks like the second shoulder on the SHS.
4. SHS and 100% extension of (1) both take wave (3) to the same spot, same spot that has some fib confluences with the big 1 and 2 waves, same spot that has some previous resistance and supports.
Ok enough with these confluences. Enjoy yieahh
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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.