I am looking at past and present Price action with specific Geometry and Wave Analysis .
1. Being a Wolfe Wave/Ending Diagonal or a Complex Wave
2. Price having a Breakout of Trend
3. Corrections
When we look left we will see a previous Wave observation being either a Wolfe Wave /Geometry Wave /Ending Diagonal
Now we can either see the same kind of behavior or Price to make a complete reversal and head for a new high at 45.21 being a Fib point at reversal of a calculated Elliot Wave ( Ending Diagonal ) this can be seen much clearer on a Range Bar Chart .
1. Being a Wolfe Wave/Ending Diagonal or a Complex Wave
2. Price having a Breakout of Trend
3. Corrections
When we look left we will see a previous Wave observation being either a Wolfe Wave /Geometry Wave /Ending Diagonal
Now we can either see the same kind of behavior or Price to make a complete reversal and head for a new high at 45.21 being a Fib point at reversal of a calculated Elliot Wave ( Ending Diagonal ) this can be seen much clearer on a Range Bar Chart .
Note
Note
So Price made a Higher Correction as i mentioned and so close to the 45,21 as predicted , still think we will get there.Note
My next possible Target and most likely a Possible Reversal/Correction Point .
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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.