Arweave: Next Target Based Fibonacci Extension (270% Potential)

23 בספט׳

On the 8-April week we have a major low with a long lower wick, notice the chart. This session leads to a move higher and then the continuation of the correction.

The correction is now stopping at a higher low, the16-Sep week. This week is starting full green and as this happens a breakout from a falling wedge pattern is also taking place.

These are early signals, pointing toward the resumption of the bullish move.

The next target sits at 270% based on Fibonacci extensions. This is a strong and at the same time easy target.

After this target is hit we can expect another correction and then an even higher target being hit also shown on the chart.

If market conditions change, we adapt to the market; update the map and don't fight with the trend.

This chart setup is easy to trade with a tight stop.
Low risk, vs a high potential for reward.

These signals are good and these charts are good but this does not mean that the market will move in a certain way. Market conditions can always change.

If there is a crash, we sell at a loss. We take the loss and move on.
If prices move up as predicted, that is a win. We take the profits and move on.

Namaste.