Signs of breaking down from this ascending wedge this week, which we highlighted last weekend.
Price has already hit our Wave 5 target, so we are happy to see that this impulse wave is complete and we are about to confirm the start of the corrective wave.
Wave C aligns with the completing above the red channel between the 0.5 - 0.618 Fibs, which indicates to us that this impulse wave higher will continue after Wave C completes.
rajiv vijendran
2024-03-18 02:10:26 +0000 UTC