If the first impulse is going to ratio the larger future waves, I think this is how it will end up playing out
s3.tradingview.com/snapshots/h/hkRQsR1v.png
Length of first red wave 1,
s3.tradingview.com/snapshots/1/1fw0u8Dg.png
length placed at start of wave 3, waves often overthrow the lines, but it doesn't invalidate
now,
s3.tradingview.com/snapshots/w/Wosc5hWl.png
size of Impulsive starting from 0.00
s3.tradingview.com/snapshots/v/VIizkmh7.png
placed from its .618 green zone - Target is 25$ before upside

I believe this is the A wave, a running flat

the following B wave, which is .618 the size of the A wave
s3.tradingview.com/snapshots/h/hkRQsR1v.png
Length of first red wave 1,
s3.tradingview.com/snapshots/1/1fw0u8Dg.png
length placed at start of wave 3, waves often overthrow the lines, but it doesn't invalidate
now,
s3.tradingview.com/snapshots/w/Wosc5hWl.png
size of Impulsive starting from 0.00
s3.tradingview.com/snapshots/v/VIizkmh7.png
placed from its .618 green zone - Target is 25$ before upside
I believe this is the A wave, a running flat
the following B wave, which is .618 the size of the A wave
Note
If it breaks here though, expect the entire market to be influencing downsideNote
I'm thinking lowest is 17 before a reversalNote
Looks impulsive off the bottom as of 1/7/22Note
way may see a 1:1 to 12$Related publications
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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.
Related publications
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.